10340-10368 Central Ave - Storefront FOR SALE


Montclair, CA 91763
$2,100,000 USD
818-823-0832
10340-10368 Central Ave, Montclair, CA for Sale
$2,100,000 USD
Storefront - FOR SALE
1/33
null | 5.05% Cap Rate

10340-10368 Central Ave
Montclair, CA 91763


HIGHLIGHTS

  • Fully Leased Multi-Tenant Center with Stable Income and Significant Value-Add Potential
  • Ground Lease PAD and Redevelopment Opportunities Provide Multiple Paths to Future Growth
  • Recent Roof, HVAC, and Parking Lot Improvements Reduce Near-Term Capital Requirements
  • Approximately 61,000 Vehicles Per Day Along Central Avenue Deliver Exceptional Visibility
  • Flexible C-2 Zoning Supports Repositioning, Redevelopment, and Owner-User Possibilities
  • Prime Inland Empire Location Near Interstate 10 with Strong Population and Economic Growth

OVERVIEW

The Ovaness Rostamian Group of Marcus & Millichap is pleased to present a value-add multi-tenant retail investment opportunity located at 10340-10368 Central Avenue in Montclair, California. This fully occupied ±4,785-square-foot neighborhood shopping center is situated on approximately ±0.65 acres along Central Avenue, one of the Inland Empire's primary retail corridors, benefiting from approximately 61,000 vehicles per day and exceptional visibility. The property features a diverse mix of service-oriented tenants with a history of long-term occupancy, providing stable in-place cash flow and resilience through changing economic cycles. Investors benefit from immediate income while maintaining multiple avenues for future value creation. Additional upside exists through potential pad development or ground lease opportunities, tenant repositioning, and longer-term redevelopment potential. Ownership has completed significant capital improvements, including upgrades to the roof, HVAC systems, and parking areas, helping reduce near-term maintenance exposure. The surrounding trade area is supported by approximately 487,000 residents and more than 150,000 households within a five-mile radius, with convenient access to Interstate 10 and continued residential growth supporting long-term tenant demand. Combining stable cash flow, recent capital improvements, and multiple value-add strategies, this offering presents investors with an opportunity to acquire a well-located retail asset with both immediate income and long-term upside in one of Southern California's strongest growth markets.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$439 USD /SF

CAP RATE

5.05%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Central Avenue Retail Center | PAD & Redevelo

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

C2

APN/PARCEL ID

1010-622-14

ASK ABOUT THIS PROPERTY

Ara RostamianMarcus & MillichapMore Info
818-823-0832

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Ara RostamianMarcus & MillichapMore Info
818-823-0832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.