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843 W Arrow
Azusa CA 91702 US

$2,375,000

Active Under Contract Listing ID GD23209465
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$2,375,000

Active Under Contract Listing ID GD23209465
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843 W Arrow We are pleased to present a fast food restaurant property in Azusa, California situated on a large 35, 000 square foot lot. The building is approximately 3, 800 square feet and includes all of the operational fixtures and buildouts of a high-volume fast food restaurant, including a drive through, large commercial kitchen, expansive dine-in area and even a storage basement. The zoning of the property is CAH – Corridor Arrow Highway, which is specific to the City of Azusa. This zoning allows for a wide range of both commercial land residential uses. Everything from a Medical Laboratory, to a fitness facility to catering services can be accommodated under the CAH zoning (buyer to verify). Additionally, mixed use projects and residential development is also encouraged; based on our preliminary estimates anywhere from 25 to over 30-units can potentially be built on this zoning with this lot size (buyer to verify). As it stands, the property has 46 parking spaces, which equates to a 13-to-1 parking ratio. With that level of parking the possibilities for an investor or owner-user are tremendous. From an investment standpoint, assuming a proforma rent of $3.00/NNN this property can deliver a 5.75% cap rate. For a developer, $68/SF for land cost is a bargain in the San Gabriel valley. For an owner-user, at SBA rates still being offered at attractive rates and terms, this is a rare opportunity.

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Property Features

  • Facts
  • Property Type: Commercial Sale
  • Property Sub-type: Other

Property

  • propertytype: Commercial Sale
  • propertysubtype: Other
  • listprice: 2375000
  • unparsedaddress: 843 W Arrow
  • postalcity: Azusa
  • stateorprovince: CA
  • country: US
  • postalcode: 91702
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeunits: Square Feet
  • livingarea: 3800
  • livingareaunits: Square Feet
  • listagentfullname: Krikor Garabedian
  • listagentemail: kirkg@kw.com
  • listagentkey: 3yd-MRMLSCA-GD85090
  • listagentmlsid: GD85090
  • listagentpreferredphone: 8182988810
  • listagentofficephone: 8184323200
  • listofficekey: 3yd-MRMLSCA-G7207
  • listagentstatelicense: 01216376
  • listofficemlsid: G7207
  • disclaimer: Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1970
  • listingcontractdate: 2023-11-10
  • listagenturl: http://thinkkw.com
  • countyorparish: Los Angeles
  • parcelnumber: 8619013047
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 3/26/2024 1:41:47 PM GMT
Source Updated Date: 4/28/2024 6:53:11 AM GMT

Courtesy of: Krikor Garabedian, Keller Williams R. E. Services, kirkg@kw.com

Copyright © 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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