Log In/Sign Up
Your email has been sent.
The mixed-use free standing at prime location 17 S 1st St 11,920 SF Retail Building Alhambra, CA 91801 $4,500,000 ($377.52/SF) 8.80% Cap Rate
Investment Highlights
- Prime Location with walking distance to city hall, police department, parking structure and restaurants
- Free standing building with nice and private patio seatings. High-ceilinged lobby leading to a spacious ballroom. Ample Parking
- A fully equipped commercial kitchen, total 4 restrooms
- 8% Proforma Cap based on $2.25 NNN market rent, based on the total usable area of 15000 sqft
- Dancing club with 47 liquor license may be for sale
- There are a basement as bonus that has 3000sq+
Executive Summary
This property presents a great opportunity for both owner occupancy or investment, located in a prime area of Alhambra. The current tenant has been operating a dancing club with 47 liquor licenses for many years. Prospective buyers have the option to either occupy the property themselves or seek a new tenant who can make more effective use of the space and pay a higher rent. The property is conveniently located within walking distance of City Hall, the police department, a parking structure, the Post Office, a high school, churches, and popular restaurants such as Gen Korean BBQ, Boiling Crab, and Starbucks.
The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage.
The zoning is Mixed-use. It is a historic building. Need to verify it with the city.
The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage.
The zoning is Mixed-use. It is a historic building. Need to verify it with the city.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,920 SF
Building Class
C
Year Built/Renovated
1929/2004
Price
$4,500,000
Price Per SF
$377.52
Cap Rate
8.80%
NOI
$396,000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.18 AC
Zoning
CBD/DRD - The zoning is Mixed-use. It is a historic building. May apply for church use. Need to verify it with the city.
Parking
34 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
84’ on S 1st Street
Moderately walkable
70/100
Very drivable
80/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 5344-026-019 | Improvements Assessment | $1,428,452 |
| Land Assessment | $1,492,485 | Total Assessment | $2,920,937 |
Property Taxes
Parcel Number
5344-026-019
Land Assessment
$1,492,485
Improvements Assessment
$1,428,452
Total Assessment
$2,920,937
1 of 42
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
The mixed-use free standing at prime location | 17 S 1st St