For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,450,000
Property Type Commercial
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
Square Footage 6,682 sqft
Price per Sqft $366
MLS Listing ID AR21141662
Sold Date 10/01/21
HOA Y/N No
Year Built 1963
Lot Size 0.440 Acres
Acres 0.44
Property Description
Excellent owner/user opportunity! This property is approximately 6,682 SF situated on 19,166 Sf of land. It has two fenced and secured yard areas. The property is currently leased to three tenants with short term remaining. The tenants also have a 90 day notice to vacate clause in their leases. Possible to occupy a portion of the building and lease out remainder for income. The property is zoned CM: Commercial Manufacturing which allows light industrial uses, R&D, technology, support office uses, etc. The office area has been renovated recently with high quality finishes, plenty of natural light and easy to reconfigure or restore to more warehouse area. The warehouse area among the three units has a total of 3 grade-level doors, the clear height ranges from 10-12 feet and has approx 600 AMP 3 Phase Power in total. Prominent signage is available on front of the buildings as well as potential signage to the Goldline train. The property is located in a cul-de-sac which is excellent for loading. It is within 1000 feet of Arcadia Goldline Station which enjoys 25% parking reduction from City of Arcadia. Please contact Planning for more information.
The property is located right off Santa Anita Avenue with direct access to the 210 freeway. Excellent North Arcadia industrial area. Close to restaurants, banks and about one mile from Santa Anita Racetrack, the golf course and Westfield Mall.
Ideal opportunity to take advantage of low SBA loan rates, current incentives set to expire 9/30/2021 and potential to occupy 51% and lease the rest of the building for income.
Location
State CA
County Los Angeles
Area 605 - Arcadia
Zoning CM
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Building
Lot Description Cul-De-Sac, Landscaped, Near Public Transit, Yard
Water Public
Others
Tax ID 5775022029
Financing Cash
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with General NONMEMBER • NONMEMBER MRML
GET MORE INFORMATION
Tracy Thrower Conyers
Broker Associate, JD | License ID: 01712960
Broker Associate, JD License ID: 01712960