Medical Office Opportunity | Mixed-Use 16 N 1st Ave 5,445 SF 100% Leased Retail Building Arcadia, CA 91006 $2,500,000 ($459.14/SF) 5.34% Cap Rate

The asset features renovated ground-floor retail space that includes a soon-to-be vacant 2,221 SF compound pharmacy space with allowed medical or dental use by right, an established wine store with a new 5-year lease extension, along with a spacious 1 bed, 1 bath apartment upstairs (also vacant at COE), along with a 2 car garage presenting ADU potential (Buyer to verify), in the heart of Arcadia’s affluent Central Business District (CBD).
Strategically positioned within Arcadia’s Central Business District (CBD), the property benefits from flexible zoning that supports higher-density development and a wide range of commercial uses, providing strong upside potential for both investors and owner-users.
Surrounded by several new multifamily and mixed-use developments, the property is ideally situated in one of Arcadia’s most active growth areas.
Recent retail renovations enhance curb appeal and tenant retention, while secured gated parking, alley access, and a combination of garage and surface spaces offer superior functionality for tenants and visitors alike.
Located just minutes from The Shops at Santa Anita, the property enjoys proximity to major retail, dining, and entertainment amenities. The strong local demographics, with a median household income exceeding $100,000, further underscore the area’s economic strength and desirability.