CA > Spring Valley
Spring Valley, CA 91977,9141 43 Campo RD
Spring Valley, CA 91977,9141 43 Campo RD
Spring Valley, CA 91977,9141 43 Campo RD
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Ernie Caponera

Ernie Caponera

+1(714) 606-0926
$1,149,000
Est. payment /mo
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID PTP2504943

HOA Y/N No

Year Built 1952

Annual Tax Amount $5,281

Tax Year 2024

Property Sub-Type Mixed Use

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.

Location

State CA

County San Diego

Area 91977 - Spring Valley

Zoning General Commercial, C37

Interior

Fireplace No

Building

Lot Description Corner Lot, Level, Near Public Transit, Paved, Street Level

Story 1

Others

Tax ID 5003000400

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

Virtual Tour https://www.propertypanorama.com/instaview/crmls/PTP2504943

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CRMLS – RECore
Listed by Mike Habib Coldwell Banker Realty
Ernie Caponera

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 606-0926

ernie@newport-properties.com

2747 E COAST HWY Unit 200, CORONA DEL MAR, California, 92625, USA

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