1481-1489 W Holt Ave
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1481-1489 W Holt Ave
5,864 SF 80% Leased Retail Building Pomona, CA 91768 $7,775,000 ($1,326/SF)
Investment Highlights
- Heavy Traffic, ,
- free standing restuarant with drive thru
- Medical Marijuana Dispensary possibilities
Executive Summary
ATerrific and well maintained multi-use commercial property located on prime HOLT AVE. with high density traffic and exposure. The TWO BUILDING property (over 5,687 sq ft) offers a FREE STANDING RESTAURANT W/DRIVE THRU (Ginza Bowl), and 4-5 private businesses ranging from a barber shop, insurance agency, beauty salon, and two VACANT units used for storage. Lot size is 17,538 sq ft w/ample parking for all businesses/customers (18 spaces). Seller checked with City of Pomona and this is A PRIME OPPORTUNITY TO ESTABLISH A MEDICAL MARIJUANA DISPENSARY. Unit Statistics: 1495 HOLT Restaurant is @2087 sq ft, pays $4,400/month and lease ends 2028. 1485 HOLT Barber Shop is @ 1200 sqft, pays $1,600/month and lease ends Feb 2025, 1481 HOLT Insurance Company is @600 sq ft, pays $900/month, and is month-to-month, 1483 HOLT Beauty Salon is @600 sq ft, pays $850/month and is month-to-month. 1489-1491 HOLT are two Vacant units totaling 1,200 sq ft currently used as storage by owner. Owner Monthly Expenses: $213 Insurance, $150 water/sewer, $200 electricity for commons areas and parking lot, $200 Gardener. SELLER RECENT IMPROVEMENTS: Newer elastomeric roof coating for both buildings, new two unit Carrier a/c for 1200 sq ft barber shop, new water heater for restaurant, new LED Solar parking lot lighting, and new exterior paint thru out. FIXED ASSETS OF RESTAURANT: walk-in refrigerator walk-in freezer, grill, deep fryer, char broiler, state of the art hood/exhaust fan, globe meat and vegetable slicing machine, and Ice machine *******Offer subject to interior inspection. Please do not disturb tenants.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,864 SF
Building Class
C
Year Built
1988
Price
$7,775,000
Price Per SF
$1,326
Percent Leased
80%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.33
Land Acres
0.41 AC
Opportunity Zone
Yes
Zoning
C4 - Commercial
Parking
24 Spaces (4.09 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Pylon Sign
- Drive Thru
Walk Score ®
Very Walkable (72)
PROPERTY TAXES
Parcel Number | 8357-017-078 | Improvements Assessment | $422,629 |
Land Assessment | $52,989 | Total Assessment | $475,618 |
PROPERTY TAXES
Parcel Number
8357-017-078
Land Assessment
$52,989
Improvements Assessment
$422,629
Total Assessment
$475,618
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1481-1489 W Holt Ave
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