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568 E Foothill Blvd 22,500 SF Office Building Azusa, CA 91702 $4,500,000 ($200/SF)
Investment Highlights
- Rare San Gabriel Valley Owner User Office Building with Significant Residential Development Potential (Including Possible Additional Assemblage)
- Exceptional Development Upside
- Pride of Ownership Asset
- Proximity to Major Developments
Executive Summary
CBRE, Inc. presents 568 E. Foothill Boulevard (“Property” or “Building”), a prime opportunity for an owner-user or developer. This well-maintained, two-story office building boasts 22,500 square feet on a spacious 1.04-acre lot, complete with 65 parking spaces.
Built in 1965, this well-maintained asset features lush garden courtyard style landscaping and outdoor seating areas, stunning views of the San Gabriel Mountains, mid-century modern design, masonry façade, and recent upgrades including roof, HVAC, and restrooms. The TOD Specific Plan - Route 66 District Overlay allows diverse uses and significant residential redevelopment potential for townhomes, multifamily, and condominiums.
Possible additional assemblage opportunity, potentially up to 3 acres total of land, may be possible (contact brokerage team).
Built in 1965, this well-maintained asset features lush garden courtyard style landscaping and outdoor seating areas, stunning views of the San Gabriel Mountains, mid-century modern design, masonry façade, and recent upgrades including roof, HVAC, and restrooms. The TOD Specific Plan - Route 66 District Overlay allows diverse uses and significant residential redevelopment potential for townhomes, multifamily, and condominiums.
Possible additional assemblage opportunity, potentially up to 3 acres total of land, may be possible (contact brokerage team).
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Office/Residential
Building Size
22,500 SF
Building Class
B
Year Built
1965
Price
$4,500,000
Price Per SF
$200
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
9,000 SF
Building FAR
0.49
Lot Size
1.05 AC
Zoning
TOD SPECIFIC PLAN - Route 66 District Overlay is intended to accommodate a wide range of retail commercial uses, offices & services, with all types
of resi units allowed.
Parking
65 Spaces (2.89 Spaces per 1,000 SF Leased)
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 8612-003-044 | Improvements Assessment | $2,025,201 |
| Land Assessment | $837,798 | Total Assessment | $2,862,999 |
Property Taxes
Parcel Number
8612-003-044
Land Assessment
$837,798
Improvements Assessment
$2,025,201
Total Assessment
$2,862,999
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568 E Foothill Blvd
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