16 N 1st Ave - Retail FOR SALE


Arcadia, CA 91006
$2,500,000 USD
310-592-8269
16 N 1st Ave, Arcadia, CA for Sale
$2,500,000 USD
Retail - FOR SALE
1/17
null | 5.34% Cap Rate

16 N 1st Ave
Arcadia, CA 91006


HIGHLIGHTS

  • Desirable Downtown Arcadia location with medical office use allowed by right
  • Mixed-use: ground floor retail + 1 bed / 1 bath apartment upstairs
  • Central Business District zoning allows for higher density development and a variety of commercial uses
  • Located close to several large multifamily + mixed-use development projects
  • Established 1,733 SF wine store just extended NNN lease that expires in 2031

OVERVIEW

The asset features renovated ground-floor retail space that includes a soon-to-be vacant 2,221 SF compound pharmacy space with allowed medical or dental use by right, an established wine store with a new 5-year lease extension, along with a spacious 1 bed, 1 bath apartment upstairs (also vacant at COE), along with a 2 car garage presenting ADU potential (Buyer to verify), in the heart of Arcadia’s affluent Central Business District (CBD). Strategically positioned within Arcadia’s Central Business District (CBD), the property benefits from flexible zoning that supports higher-density development and a wide range of commercial uses, providing strong upside potential for both investors and owner-users. Surrounded by several new multifamily and mixed-use developments, the property is ideally situated in one of Arcadia’s most active growth areas. Recent retail renovations enhance curb appeal and tenant retention, while secured gated parking, alley access, and a combination of garage and surface spaces offer superior functionality for tenants and visitors alike. Located just minutes from The Shops at Santa Anita, the property enjoys proximity to major retail, dining, and entertainment amenities. The strong local demographics, with a median household income exceeding $100,000, further underscore the area’s economic strength and desirability.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

5.34%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Medical Office Opportunity | Mixed-Use

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Storefront Retail/Residential, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

ARC2H*

APN/PARCEL ID

5773-010-004

ASK ABOUT THIS PROPERTY

Darin SpillmanKidder MathewsMore Info
310-592-8269

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Darin SpillmanKidder MathewsMore Info
310-592-8269

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