2040-2050 Huntington Dr - Storefront FOR SALE


San Marino, CA 91108
$2,950,000 USD
714-458-6465
2040-2050 Huntington Dr, San Marino, CA for Sale
$2,950,000 USD
Storefront - FOR SALE
1/8
null | 4.43% Cap Rate

2040-2050 Huntington Dr
San Marino, CA 91108


HIGHLIGHTS

  • * FIRST TIME ON THE MARKET IN DECADES
  • * EXCELLENT INVESTMENT OR OWNER USE PROPERTY
  • * PERFECT RETAIL-STOREFRONT-PROFESSIONAL/FINANCIAL SERVICE OFFICES
  • * GREAT VISIBILITY AND EXCELLENT DEMOGRAPHICS & TRAFFIC EXPOSURE WITH OVER 32,000 CPD APPROXIMATELY
  • * LOCATED NEXT TO THE CITY HALL IN THE HEART OF PRESTIGIOUS SAN MARINO WITH AFFLUENT NEIGHBORHOOD
  • * THE DRY CLEANER BUSINESS OPPORTUNITY IS INCLUDED IN THE LISTING PRICE AS-IS

OVERVIEW

THIS IS THE 1ST TIME IT HAS BEEN ON THE MARKET IN DECADES. RARE OPPORTUNITY TO PURCHASE A PRIME STOREFRONT ONE STORY COMMERCIAL RETAIL/OFFICE/MIXED USE INVESTMENT OR OWNER USER PROPERTY LOCATED IN THE HEART OF PRESTIGIOUS SAN MARINO NEXT TO THE CITY HALL/POLICE DEPT/FIRE DEPT AND IS SURROUNDED BY RESTAURANTS, FINANCIAL INSTITUTIONS SUCH AS BOA, CHASE, WELLS FARGO, US BANK, EAST WEST BANK & CATHAY BANK AND OTHER PROFESSIONAL OFFICES, WITH EXCELLENT DEMOGRAPHICS, HIGH MEDIAN HOUSEHOLD INCOME, GREAT TRAFFIC EXPOSURE WITH APPROXIMATELY 38,000 CPD. THE BUILDING OFFERS 6 SPACES OF PARKING PLUS ABUNDANT CONVENIENT STREET PARKING INCLUDING THE DESIGNATED PARKING FROM THE CITY AND, TOTAL 5,000 SF IS CURRENTLY DIVIDED INTO TWO(2) UNITS OF WHICH ONE(UNIT #2040-3,375 SF) IS OCCUPIED BY DRY CLEANER AND THE OTHER ONE(UNIT #2050-1,625 SF) IS JUST LEASED TO THE TENANT-SCL SCHOOL(COLLEGE PREP COUNSELLING). THE DRY CLEANER BUSINESS OPPORTUNITY IS INCLUDED IN THE LISTING PRICE AS-IS OR IT CAN BE DELIVERED VACANT. VERY AFFLUENT NEIGHBORHOOD AND EASY ACCESS TO FREEWAY 110 AND 210

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$590 USD /SF

CAP RATE

4.43%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

$2,950,000 ($590/SF)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

SOC1

APN/PARCEL ID

5334-016-013

ASK ABOUT THIS PROPERTY

Jay ParkColdwell Banker Best RealtyMore Info
714-458-6465

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Jay ParkColdwell Banker Best RealtyMore Info
714-458-6465

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.