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Listed by Jose Alonso • RE/MAX Gateway
$ 1,225,000
Est. payment | /mo
3,182 SqFt
$ 1,225,000
Est. payment | /mo
3,182 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Pending
Purchase Type For Sale
Square Footage 3,182 sqft
Price per Sqft $384
MLS Listing ID CRSR25168036
HOA Y/N No
Year Built 1962
Lot Size 5,584 Sqft
Property Sub-Type Retail
Source Datashare California Regional
Property Description
RE/MAX of Santa Clarita – The Alonso Real Estate Group, is proud to present 22505-22511 Eight St, Newhall, CA, 91321. A freestanding commercial building currently 100% Leased by Gloria’s Salon and, Eight & Rail Pub as the anchor Tenant with a long term Lease. Value-Add Property, the Salon Tenant under-market rental rates and the Lease is set to expire in June 2026 with no options to extend. The Buyer(s) can occupy as Owner-User (replacing the Salon) or Passive Investment with up to 3 potential Tenants yielding a ProForma 7.86% CAP rate. Grab a bar stool and a cold one, we’re taking you back to the Wild-Wild-West! As seen on TV in popular shows such as “Beverly Hills 90210†– “911 LA†- and “Chicago Fire.†Eighth and Rail Pub, is said to have the longest running liquor license, it has been around since the 1800’s when it was Derek’s Saloon during the Gold Rush days. Derek's Saloon†refers to a historic establishment in Old Town Newhall, California, at the corner of Railroad Avenue and Eighth Street, originally established during the Gold Rush days, known for serving the Pico Canyon oil drillers and having a long history as a local watering hole. “In January and February of 1878, the town of Newhall moved from the junction of modern-day Bouquet Canyon Ro
Location
State CA
County Los Angeles
Interior
Heating Other
Cooling Central Air
Fireplace No
Building
Water Public
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227