$997,500
Under Contract9141 43 Campo Road
Spring Valley CA 91977
4,000
SF
Mixed Use
Type
1952
Built
$249/SF
Cost/SF
Listing Agent
Alice Kulikowski
DRE #: 01786944
Brokerage: Coldwell Banker Realty
Location Analysis
About This Property
The property known as the Bancroft Bar and it's adjoining residential unit is on two parcels with the structures straddling both. The bar has been operating since the 1950s and continues to atract a wide array of customers due to its music venue reputation, neighborly vibe and myriad entertainments. The bar business is not owned by the property owner. The actual year built is unknown and the building size is estimated (bar portion 3,000 sf). There are three restrooms, multiple entries/exits and ventilation. The rear residence has a two bedroom/two bath home with window AC and mini splits. Approximately 16 cars park along the side street (Willowside Lane) and in front of the bar. Additional vehicles may be parked inside the rear residence fence. The cap rate is estimated at 5.5% for the scheduled actual income of both tenants. The western side of the property has a county maintained water overflow canal. The site is well located at the base of Casa de Oro near the Hwy 94 and MTS bus route 855.
Property Information
Property Overview
Commercial - MixedUse
Property Type
ActiveUnderContract
Status
General Commercial, C37
Zoning
12883 acres
Lot Size
2
Total Units
4,000 SF
Square Footage
$249.38/SF
Price per SF
5.50%
Cap Rate
$71K
NOI
$5,281.34
Annual Tax
1,952
Year Built
1
Stories
Property Highlights
N/A Property
Prime Location with High Visibility
5.5% Cap Rate
Location Analysis
Building Details
Zoning & Use
Investment Metrics
5.50%
Cap Rate
$71,324
NOI
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CRMLS
MLS# PTP2602673
Listed:
Nalren refreshed:
Last updated
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Listed by: Coldwell Banker Realty
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