751-755 S Atlantic Blvd - Storefront Retail/Office FOR SALE


Monterey Park, CA 91754
$1,100,000 USD
626-233-0383
751-755 S Atlantic Blvd, Monterey Park, CA for Sale
$1,100,000 USD
Storefront Retail/Office - FOR SALE
1/11
null | Request Cap Rate

751-755 S Atlantic Blvd
Monterey Park, CA 91754


HIGHLIGHTS

  • Rare Commercial Building in Atlantic Boulevard
  • The property is ideally located on a main artery close to both the 10 and 60 freeways with many surrounding retail amenities.
  • This is a great owner-user opportunity

OVERVIEW

For sale is a commercial building located on Atlantic Blvd just south of Garvey Ave. This is a rare opportunity to own a 2,500 square-foot building on a parcel of 6,014 square feet per the county assessor in Monterey Park. Currently, the building is split into three units. The property is ideally located on a main artery close to both the 10 and 60 freeways with many surrounding retail amenities. This is a great owner-user opportunity. An owner can occupy the current vacant space or even the entire building as all tenants are on month-to-month leases. The property is in the C-P (commercial –professional) zoning which allows for a variety of uses. This is perfect for a professional service firm such as insurance, law office, real estate or CPA firm. It is also good for medical or dental use depending upon how much space is occupied for that use. This is also a great investment opportunity. An investor could add value to their property by raising rents with the current tenants and/or re-tenanting the property and raising rents. The roof was recently re-done and one of the HVAC units was replaced.

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$440 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Rare Commercial Building in Atlantic Blvd.

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

C4, Monterey Park

APN/PARCEL ID

5253-002-024

ASK ABOUT THIS PROPERTY

Bill Ukropina, CREColdwell Banker Commercial RealtyMore Info
626-233-0383

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Bill Ukropina, CREColdwell Banker Commercial RealtyMore Info
626-233-0383

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