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624 Palm Ave 4,276 SF Industrial Building Alhambra, CA 91803 $1,400,000 ($327.41/SF)
Investment Highlights
- Office/Flex Industrial Property.
- The front building will be used for office, the rear building will used as a flex industrial space.
- Centrally located in Alhambra, close to FWY 710 and FWY 10.
- Potential for redevelopment.
Executive Summary
Presenting a value-add commercial office and warehouse opportunity in one of the most sought-after industrial corridors of Alhambra, within the San Gabriel Valley.
This versatile two-building property totals 4,240 SF on a 9,997 SF lot, featuring 2,026 SF of street-facing office/retail space and 2,250 SF of rear warehouse. The front unit offers excellent visibility and flexibility for showroom, retail, or office use, while the rear warehouse provides functional space for storage, operations, or light industrial use.
The property offers significant redevelopment potential, with favorable zoning and minimal parking requirements (buyer to verify). Investors and owner-users may have the opportunity to expand up to approximately 20,000 SF or develop up to a 5-story commercial building, creating substantial upside.
This versatile two-building property totals 4,240 SF on a 9,997 SF lot, featuring 2,026 SF of street-facing office/retail space and 2,250 SF of rear warehouse. The front unit offers excellent visibility and flexibility for showroom, retail, or office use, while the rear warehouse provides functional space for storage, operations, or light industrial use.
The property offers significant redevelopment potential, with favorable zoning and minimal parking requirements (buyer to verify). Investors and owner-users may have the opportunity to expand up to approximately 20,000 SF or develop up to a 5-story commercial building, creating substantial upside.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Jiangxi Federation Of USA
- Public Administration
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Jiangxi Federation Of USA | Public Administration | - | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5342-018-020 | Improvements Assessment | $466,931 |
| Land Assessment | $870,190 | Total Assessment | $1,337,121 |
Property Taxes
Parcel Number
5342-018-020
Land Assessment
$870,190
Improvements Assessment
$466,931
Total Assessment
$1,337,121
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624 Palm Ave
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