Active
60 N Mountain Avenue
Upland CA, 91786
$2,500,000
$390.87 per sqft
Active
6,396 sqft
Commercial
Built in 1979
Listed by Byron Castro with TOP PRODUCERS REALTY PARTNERS 951-313-7155
HIGHLIGHTS:
>> Net Operating Income $130,629
>> Current Cap Rate 4.86%
>>Fully fixtured restaurant, includes F.F. & E, and liquor license
>> First time to hit market in 45 years
>> Huge lot with an abundance of parking
>> Located conveniently off the 10 freeway
>> Property is part of a portfolio sale
>> Portfolio sale
>> Can be sold individually
Explore a premier investment opportunity featuring a high-potential class B restaurant/bar/nightclub building built in 1979 on a 1.28 Acre lot with 80 parking spaces. This prime location we present an exceptional chance for investors seeking stable, long-term returns. The property is currently leased to a reliable long-term tenant under a triple net lease structure, guaranteeing a low-maintenance investment and a consistent income stream for the foreseeable future.
TRIPLE NET INVESTMENT
Commercial Life Inc is pleased to present to you 60 N Mountain Ave, Upland. This exceptional property boasts a long-term tenant on a triple net lease, offering you a secure and hassle-free investment opportunity. With a prime location and a spacious lot featuring ample parking, this property is a must-see for savvy investors seeking a lucrative commercial asset.
CV24216245
MLSⓇ ID
October 17, 2024
Listed
October 29, 2024
Updated
Map
60 N Mountain Avenue
Upland CA, 91786
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
1.28 Acres
Lot Features
0-1 Unit/Acre
Other Property Details
Area Name
690 - Upland
Days on Market
8
Garage
No
View
No
County
San Bernardino
Pool
No
Listing History
Date | Event | Price |
|---|---|---|
10/25/2024 | Price change | $2,500,000 -7% |
Listing Contact: 909-590-8853
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/29/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 10/29/2024 at 11:13 AM UTC