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- LoopNet Team
572-592 N La Cadena Dr
Colton, CA 92324
Retail Property For Sale

Property Facts
Amenities
- Bus Line
- Corner Lot
- Fireplace
- Restaurant
- Signage
- Tenant Controlled HVAC
- Air Conditioning
About 572-592 N LA CADENA DR , COLTON, CA 92324
Marcus & Millichap Real Estate Investment Services is pleased to present the Colton Cottage and Restaurant Building located in downtown Colton, California. This value-added investment provides an opportunity for an owner/user or an investor to acquire a very unique, beautiful residential property along with s restaurant/ commercial opportunity. This value-added asset will give the new ownership the ability to reposition and/or occupy a portion of the subject property. Both the restaurant and the residential cottages are currently vacant. An owner/user may also be able to obtain favorable Small Business Administration (SBA) financing. Effectively, it may be more economical to own the restaurant building rather than lease space considering today’s low interest rates and the potiential tax advantages of the real estate ownership. The Colton Cottages and Restaurant are situated on two adjacent land parcels totaling approximately 0.34 acres of land. The property is well landscaped with lush but low maintenance plantings of grass, trees and shrubs. It appears that the cottages were built in the 1940’s and the restaurant may have been built in the mid-1960’s. The Victorian home may have been built in 1885. All properties have experienced various rehabs and restorations throughout the years. The three cottages are all stand-lone “little-homes” that feature classic wood floors and garage parking. These cottages also have newer roof-mounted air conditioners. Two of these cottages are approximately 600 square feet with the third one being 750 square feet. All of the cottages are 1 bedroom/ 1 bath and front E Street facing the Colton City Hall and Police Department. The historical Victorian home is two-stories and consists of 1,657 square feet. This property is on its own parcel directly adjacent to the restaurant building. The inferior of this home is absolutely beautiful with all kinds of period-correct appointments and architectural features. This property could be used as three-bedroom/ one bath apartment or perhaps as a professional office building. The home fronts La Cadena Drive offering great visibility for both residential and commercial uses. The restaurant building consists of 2,300 square feet and was home to the very popular Jean’s French Cuisine for 51 years! This family restaurant served both lunch and dinner. The restaurant was founded by Jean Irola. He came to the United States from Barbos, France where he apprenticed in a culinary program. After meeting his wife, Germaine “Gigi,” he opened his first restaurant in Los Angles at the age of 22. They moved to the Inland Empire in 1965 with their three children where they purchased Thorpes Coffee Shop. After five years of introducing French cuisine to their patrons, the restaurant was remodeled and renamed Jean’s French Restaurant. The neighborhood is situated in the historic old town Colton with its parks and civic buildings as well as its local retailers and eateries. There are also brand name markets, restaurants and public transportation all within walking distance to the property. The subject property is also in close proximity to both the 10 and 215 freeways providing residents quick and easy access to all of the employments centers, shopping and recreational areas that make the Inland Empire a popular place to live and work.
Property Taxes
| Parcel Numbers |
Multiple
|
Improvements Assessment | $936,304 |
| Land Assessment | $254,372 | Total Assessment | $1,190,676 |
Property Taxes
- 0162-052-18
- 0162-052-19
Listing ID: 10050618
Date on Market: 11/20/2017
Last Updated:
Address: 572-592 N La Cadena Dr, Colton, CA 92324
The Retail Property at 572-592 N La Cadena Dr, Colton, CA 92324 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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