Sold
Closed
843 W Arrow
Azusa CA, 91702
$2,200,000
$578.95 per sqft
Sold
Closed
3,800 sqft
Commercial
Built in 1970
Listed by Krikor Garabedian with Keller Williams R. E. Services 818-298-8810
We are pleased to present a fast food restaurant property in Azusa, California situated on a large 35,000 square foot lot. The building is approximately 3,800 square feet and includes all of the operational fixtures and buildouts of a high-volume fast food restaurant, including a drive through, large commercial kitchen, expansive dine-in area and even a storage basement.
The zoning of the property is CAH - Corridor Arrow Highway, which is specific to the City of Azusa. This zoning allows for a wide range of both commercial land residential uses. Everything from a Medical Laboratory, to a fitness facility to catering services can be accommodated under the CAH zoning (buyer to verify). Additionally, mixed use projects and residential development is also encouraged; based on our preliminary estimates anywhere from 25 to over 30-units can potentially be built on this zoning with this lot size (buyer to verify).
As it stands, the property has 46 parking spaces, which equates to a 13-to-1 parking ratio. With that level of parking the possibilities for an investor or owner-user are tremendous. From an investment standpoint, assuming a proforma rent of $3.00/NNN this property can deliver a 5.75% cap rate. For a developer, $68/SF for land cost is a bargain in the San Gabriel valley. For an owner-user, at SBA rates still being offered at attractive rates and terms, this is a rare opportunity.
GD23209465
MLSⓇ ID
November 10, 2023
Listed
December 5, 2024
Updated
Map
843 W Arrow
Azusa CA, 91702
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.81 Acres
Lot Features
0-1 Unit/Acre, Street Level
Other Property Details
Area Name
607 - Azusa
Days on Market
105
Garage
No
View
No
County
Los Angeles
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
10/8/2024 | Sold | $2,200,000 |
2/24/2024 | Pending | — |
Listing Contact: 818-432-3200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 12/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 12/5/2024 at 9:33 AM UTC