Value Add-up Free Standing Mix-used Building | 17 S 1st St
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Value Add-up Free Standing Mix-used Building 17 S 1st St
11,920 SF Retail Building Alhambra, CA 91801 $5,500,000 ($461/SF) 7.60% Cap Rate
Investment Highlights
- Prime Location with walking distance to city hall, police department, parking structure and restaurants
- Free standing building with nice and private patio seatings.High-ceilinged lobby leading to a spacious ballroom
- A fully equipped commercial kitchen
- 7.6% Proforma Cap based on $2.25 NNN market rent.
- Dancing club with 47 liquor license may be for sale
- Ample Parking
Executive Summary
This property presents a great opportunity for both owner occupancy or investment, located in a prime area of Alhambra. The current tenant has been operating a dancing club with 47 liquor licenses for many years. Prospective buyers have the option to either occupy the property themselves or seek a new tenant who can make more effective use of the space and pay a higher rent. The property is conveniently situated within walking distance of city hall, the police department, a parking structure, the Post Office, a high school, churches, and popular restaurants such as Gen Korean BBQ, Boiling Crab, and Starbucks.
The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage.
Discover the vibrant and bustling neighborhood surrounding this prime mixed-use property in Alhambra, CA. Located in the heart of the city, the area offers a dynamic mix of diverse retail options, popular dining establishments, and a rich cultural scene. Nearby attractions such as the Alhambra Place Shopping Center, Main Street Alhambra, and the historic Mission District draw a steady flow of foot traffic and provide ample opportunities for retail and street retail investment. With a strong sense of community and a growing consumer base, the location presents an exciting prospect for purchasers looking to capitalize on the thriving local market.
The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage.
Discover the vibrant and bustling neighborhood surrounding this prime mixed-use property in Alhambra, CA. Located in the heart of the city, the area offers a dynamic mix of diverse retail options, popular dining establishments, and a rich cultural scene. Nearby attractions such as the Alhambra Place Shopping Center, Main Street Alhambra, and the historic Mission District draw a steady flow of foot traffic and provide ample opportunities for retail and street retail investment. With a strong sense of community and a growing consumer base, the location presents an exciting prospect for purchasers looking to capitalize on the thriving local market.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
11,920 SF
Building Class
C
Year Built/Renovated
1929/2004
Price
$5,500,000
Price Per SF
$461
Cap Rate
7.60%
NOI
$418,000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.18 AC
Zoning
CBD/DRD - The zoning is Mixed-use. It is Historic Building. Need to verify it with the city.
Parking
34 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
84 FT on S 1st Street
Walk Score ®
Walker's Paradise (94)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5344-026-019 | Improvements Assessment | $1,400,444 |
| Land Assessment | $1,463,221 | Total Assessment | $2,863,665 |
PROPERTY TAXES
Parcel Number
5344-026-019
Land Assessment
$1,463,221
Improvements Assessment
$1,400,444
Total Assessment
$2,863,665
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Value Add-up Free Standing Mix-used Building | 17 S 1st St
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