215-221 Yale Ave - Storefront Retail/Office FOR SALE


Claremont, CA 91711
$2,500,000 USD
949-769-4855
215-221 Yale Ave, Claremont, CA for Sale
$2,500,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

215-221 Yale Ave
Claremont, CA 91711


HIGHLIGHTS

  • Irreplaceable Claremont Village Location – 215-221 Yale Ave represents a high-quality street front retail property
  • Significant Repositioning Potential – the property has the potential to be repositioned or redeveloped into a variety of commercial uses
  • Own or Lease in Claremont – Purchase as an owner-user and take advantage of favorable low-interest rate SBA financing

OVERVIEW

* Irreplaceable Claremont Village Location – 215-221 Yale Ave represents a high-quality street front retail property within Claremont Village, a historic downtown area in the heart of Claremont with over 150 shops, restaurants, boutiques, hotels and more. Properties within the Claremont Village seldom become available for purchase * Significant Repositioning Potential – With the ±8,000 SF site, ±4,288 SF building, and Claremont Village (CV) zoning, the property has the potential to be repositioned or redeveloped into a variety of commercial uses including mixed-use developments with apartments, food and beverage uses, medical and personal health services, professional offices, and many more * Ample Parking – Compared to many “street front” retail assets in pedestrian-heavy trade areas with little or no owned parking, 215-221 Yale Ave offers 11 parking spots for patrons and employees * Own or Lease in Claremont – Purchase as an owner-user and take advantage of favorable low-interest rate SBA financing, the after-tax benefits of ownership, and equity appreciation, or capitalize on the high traffic, infill Claremont Village location by leasing the property * Strategic Location with Excellent Surrounding Tenancy – The property neighbors a Starbucks, Philz Coffee, and Wells Fargo Bank with national tenants Bank of America, Chase Bank, Dollar Tree, The UPS Store, Birkenstock, Eureka!, Blaze Pizza, and more within a half-mile radius, fortifying the surrounding trade area * Embedded Consumer Base – The property is within easy walking distance of the Claremont Colleges, which consist of five undergraduate colleges and two graduate institutions creating an immediate consumer base of ±8,500 students

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$677 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

215-221 Yale Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

CLCV*

APN/PARCEL ID

8313-020-004

ASK ABOUT THIS PROPERTY

949-769-4855

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949-769-4855

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