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9141 43 Campo Road — Spring Valley | Belmont Brokerage

Active Under Contract

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$997,500

01952 Built|46 DOM

9141 43 Campo Rd, Spring Valley, CA 91977

Property Description

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.

Listing provided by: Mike HabibDRE #00694258619-460-6600 michael.habib@cbrealty.com, Coldwell Banker Realty

MLS #: PTP2602673