Armstrong Professional Building | 232 Harrison Ave
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Armstrong Professional Building 232 Harrison Ave
4,000 SF 94% Leased Office Building Claremont, CA 91711 $2,950,000 ($738/SF)
Investment Highlights
- Nestled in the heart of downtown a unique blend of historical significance and modern convenience.
- Large windows that flood the space with natural light, highlighting the timeless beauty of the original hardwood floors upgraded 2017.
- Property provides easy access to a variety of shops, restaurants, and cultural.
Executive Summary
Claremont history! Nestled in the heart of downtown, this charming property offers a unique blend of historical significance and modern convenience. Built in the early 20th century, this building boasts original architectural details, including ornate woodwork, high ceilings, and vintage fixtures that have been meticulously preserved. The spacious interior features large windows that flood the space with natural light, highlighting the timeless beauty of the original hardwood floors.
Located just steps away from Claremont's vibrant downtown area, this property provides easy access to a variety of shops, restaurants, and cultural attractions. Whether you're looking to start a new business, open a boutique, or simply appreciate the historical charm, this property offers endless possibilities.
Located just steps away from Claremont's vibrant downtown area, this property provides easy access to a variety of shops, restaurants, and cultural attractions. Whether you're looking to start a new business, open a boutique, or simply appreciate the historical charm, this property offers endless possibilities.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$122,292
|
$30.57
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$122,292
|
$30.57
|
| Taxes |
$14,155
|
$3.54
|
| Operating Expenses |
$9,787
|
$2.45
|
| Total Expenses |
$23,942
|
$5.99
|
| Net Operating Income |
$98,350
|
$24.59
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $122,292 |
| Annual Per SF | $30.57 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $122,292 |
| Annual Per SF | $30.57 |
| Taxes | |
|---|---|
| Annual | $14,155 |
| Annual Per SF | $3.54 |
| Operating Expenses | |
|---|---|
| Annual | $9,787 |
| Annual Per SF | $2.45 |
| Total Expenses | |
|---|---|
| Annual | $23,942 |
| Annual Per SF | $5.99 |
| Net Operating Income | |
|---|---|
| Annual | $98,350 |
| Annual Per SF | $24.59 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,000 SF
Building Class
B
Year Built
1895
Price
$2,950,000
Price Per SF
$738
Percent Leased
94%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,333 SF
Slab To Slab
9’
Building FAR
0.35
Land Acres
0.26 AC
Zoning
CV, Claremont - Office Building. Restaurant, office and retail zone.
Parking
12 Spaces (3 Spaces per 1,000 SF Leased)
Amenities
- Raised Floor
- Security System
- Kitchen
- Accent Lighting
- Basement
- High Ceilings
- Hardwood Floors
- Air Conditioning
1 of 1
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 8313-016-012 | Total Assessment | $1,149,047 (2024) |
| Land Assessment | $499,050 (2024) | Annual Taxes | $14,155 ($3.54/SF) |
| Improvements Assessment | $649,997 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
8313-016-012
Land Assessment
$499,050 (2024)
Improvements Assessment
$649,997 (2024)
Total Assessment
$1,149,047 (2024)
Annual Taxes
$14,155 ($3.54/SF)
Tax Year
2023
-
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Armstrong Professional Building | 232 Harrison Ave
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