Growth Investment Group California is proud to present 1308-1408 E Valley Blvd, a prime multi-tenant shopping center located right on Valley Blvd in the City of Alhambra, CA. This investment offering provides flexibility for an astute investor as either a value-add investment or redevelopment play. This extremely rare offering of ±2.4acre (±104,500 SF) re-development site situated along the famed Valley Blvd, where many major redevelopment projects have either been completed or are under construction. The property is a mid-lot, offering a wide ±300 feet street frontage on the highly desirable Valley Blvd. Valley Blvd is considered as the main and prime retail corridor for several cities (Alhambra, San Gabriel, Rosemead, and El Monte) in San Gabriel Valley and the flow of foreign capital and local investments have spurred rapid growth and new development in the past decade. The property has CMU (Commercial Mixed-Use, buyer to verify) zoning which covers a wide range of allowed use including Residential (R4) and Commercial (see Development Guideline page). The traffic count for this location is averaging ±29,400 vehicles per day. AS Investment: a multi-tenant shopping center, a single-story retail with a total of ±35,022 sf building size split into 8 different units. The anchor unit is occupied by Golden Mile Bowling that occupied ±27k sf space (73%-75%), and the remaining seven (7) units were split between smaller tenants with different uses: 2 restaurants, hair salon, tea shop, and a T-Mobile store. There is a cell tower on the site leased to AT&T. Owner used to operate the anchor tenant and offering a sale leaseback to buyer (contact listing broker to more information). Parking is provided by a total of 162 spaces (156 + 6 disabled parking). AS Redevelopment: Seller can deliver the building with ±76% vacancy (buyer to verify), which is perfect for a redevelopment play. There are multiple options a buyer can do with this zoning. With FAR 2.0 (buildable up to ±209,000 SF), and R4 allowable use (48 units/acre), buyer may decide to redevelop this into mixed-use residential condominiums which should allow up to 115-units BEFORE any bonus density (up to 20%). Buyers may also build a new shopping center or may even subdivide the lot and do residential on one parcel and keep the other parcel as commercial. Buyers may also redevelop this into a hotel. Buyer to do their own investigations and determinations with the city of Alhambra. The property is located on Valley Blvd which is a major retail corridor in west San Gabriel Valley area. Valley Blvd is well known especially in Asia (China, Taiwan, and Vietnam) where many affluent Asian investors have invested their capital either along Valley Blvd developments or its surrounding area. It is located on Valley Blvd and close by to many major multi-million-dollar new mixed-use, hospitality, and retail developments along Valley Blvd. Some of the most recent and notable projects in the area are (see nearby projects page): 101-111 W Valley Blvd (Hyatt Hotel), 205 E valley Blvd, Sheraton Hotel, Hilton Hotel, 300 E Valley Blvd, 400-420 W Valley Blvd, 700-800 S San Gabriel Blvd, and more.