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945 N Azusa Ave 16,150 SF Retail Building Covina, CA 91722 $3,200,000 ($198.14/SF)
Investment Highlights
- Expansive ±15,112 SF retail building situated on nearly one acre with strong redevelopment or repositioning potential.
- Large onsite parking area providing convenience for customers and staff.
- Positioned within a dense trade area close to restaurants, retail amenities, and transportation options.
- Prominent street frontage along Azusa Avenue offers exceptional visibility to heavy daily traffic.
- Located less than one mile from the I-10 Freeway, enabling easy regional access and distribution.
- Well-suited for continued showroom use or conversion to alternative retail or service-based concepts.
Executive Summary
This ±15,112 SF building presents a unique opportunity for an investor in a high-visibility corridor of Covina. Situated on an expansive ±39,161 SF lot, this single-story retail structure has operated as a furniture showroom and offers significant open floor space, ample storage, and convenient parking. The property’s layout allows for both showroom and functional warehouse areas, making it adaptable to other retail or service-oriented uses.
Built in 1962, the building sits on nearly one acre and provides strong signage exposure to continuous traffic along North Azusa Avenue. The parcel includes a large parking lot for customer and employee convenience, which complements the building’s retail positioning. In addition to excellent street frontage, the site benefits from immediate proximity to the I-10 Freeway, creating seamless access for regional visitors and facilitating efficient transport for goods and services.
The surrounding trade area is densely populated and heavily trafficked, with numerous restaurants, shops, and service businesses nearby, supporting the property’s continued commercial viability. Ownership is retiring from business operations, creating an opportunity for a buyer to reposition or occupy the property as a flagship retail or commercial establishment in an active Los Angeles County submarket.
Built in 1962, the building sits on nearly one acre and provides strong signage exposure to continuous traffic along North Azusa Avenue. The parcel includes a large parking lot for customer and employee convenience, which complements the building’s retail positioning. In addition to excellent street frontage, the site benefits from immediate proximity to the I-10 Freeway, creating seamless access for regional visitors and facilitating efficient transport for goods and services.
The surrounding trade area is densely populated and heavily trafficked, with numerous restaurants, shops, and service businesses nearby, supporting the property’s continued commercial viability. Ownership is retiring from business operations, creating an opportunity for a buyer to reposition or occupy the property as a flagship retail or commercial establishment in an active Los Angeles County submarket.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
16,150 SF
Building Class
C
Year Built
1962
Price
$3,200,000
Price Per SF
$198.14
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.89 AC
Zoning
C4, Covina - Highway Commercial
Parking
40 Spaces (2.65 Spaces per 1,000 SF Leased)
Amenities
- Security System
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
20/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 8420-016-010 | Improvements Assessment | $1,485,469 |
| Land Assessment | $1,589,331 | Total Assessment | $3,074,800 |
Property Taxes
Parcel Number
8420-016-010
Land Assessment
$1,589,331
Improvements Assessment
$1,485,469
Total Assessment
$3,074,800
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945 N Azusa Ave