17 S 1st St - Restaurant FOR SALE


Alhambra, CA 91801
$4,950,000 USD
626-864-1598
17 S 1st St, Alhambra, CA for Sale
$4,950,000 USD
Restaurant - FOR SALE
1/41
null | 8% Cap Rate

17 S 1st St
Alhambra, CA 91801


HIGHLIGHTS

  • Prime Location with walking distance to city hall, police department, parking structure and restaurants
  • 8% Proforma Cap based on $2.25 NNN market rent, based on the total usable area of 15000 sqft
  • Free standing building with nice and private patio seatings. High-ceilinged lobby leading to a spacious ballroom. Ample Parking
  • Dancing club with 47 liquor license may be for sale
  • A fully equipped commercial kitchen, total 4 restrooms
  • There are a basement as bonus that has 3000sq+

OVERVIEW

This property presents a great opportunity for both owner occupancy or investment, located in a prime area of Alhambra. The current tenant has been operating a dancing club with 47 liquor licenses for many years. Prospective buyers have the option to either occupy the property themselves or seek a new tenant who can make more effective use of the space and pay a higher rent. The property is conveniently located within walking distance of City Hall, the police department, a parking structure, the Post Office, a high school, churches, and popular restaurants such as Gen Korean BBQ, Boiling Crab, and Starbucks. The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage. The zoning is Mixed-use. It is a historic building. Need to verify it with the city.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$415 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The mixed-use free standing at prime location

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

34

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,749 SF

ZONING

CBD/DRD

APN/PARCEL ID

5344-026-019

ASK ABOUT THIS PROPERTY

Leo Yong Gao, CCIMSPERRY-Hebron EquitiesMore Info
626-864-1598

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Leo Yong Gao, CCIMSPERRY-Hebron EquitiesMore Info
626-864-1598

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