2268-2270 Honolulu Ave - Retail FOR SALE


Montrose, CA 91020
$5,495,000 USD
818-326-3337
2268-2270 Honolulu Ave, Montrose, CA for Sale
$5,495,000 USD
Retail - FOR SALE
1/13
null | 4.5% Cap Rate

2268-2270 Honolulu Ave
Montrose, CA 91020


HIGHLIGHTS

  • Three-tenant commercial property with established occupancy.
  • Spa tenant invested approximately $3 million in tenant improvements.
  • City-owned parking lot located directly behind the building.
  • Positioned along Honolulu Avenue in the Montrose business district.
  • Approximately 13,150 SF building constructed in 1939.
  • C3 zoning supports a variety of commercial uses.

OVERVIEW

2268-2270 Honolulu Avenue offers the opportunity to acquire a multi-tenant commercial asset in the heart of Montrose. The 13,150-square-foot building, originally constructed in 1939, is currently occupied by three tenants, providing an established income-producing environment. The property's long-standing presence within the community and existing occupancy create a foundation for continued commercial use. A notable feature of the tenancy is a spa operator that has invested approximately $3 million in tenant improvements, demonstrating a significant commitment to the location and enhancing the functionality of its space. These improvements represent a substantial investment by an existing tenant and contribute to the property's overall appeal. The asset also benefits from convenient parking accommodations, with a city-owned parking lot located directly behind the building. This parking resource supports customer and visitor access and complements the property's commercial use. Combined with its multi-tenant configuration, historic character, and established occupancy, the property presents an opportunity for investors seeking a commercial asset with existing tenants and a proven operating history.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$464 USD /SF

CAP RATE

4.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Health Club

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

C3

APN/PARCEL ID

5615-001-008

ASK ABOUT THIS PROPERTY

Barnabas ShinRealty One Properties, Inc.More Info
818-326-3337

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Barnabas ShinRealty One Properties, Inc.More Info
818-326-3337

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