500 N Broadway Ave - Medical FOR SALE


Blythe, CA 92225
$50,000 USD
301-706-4619
500 N Broadway Ave, Blythe, CA for Sale
$50,000 USD
Medical - FOR SALE
1/68
null | Request Cap Rate

500 N Broadway Ave
Blythe, CA 92225


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Medical Office | Signalized Hard Corner | 14,784 SF | AUCTION MARCH 23-25
  • 14,784 SF Medical/Office Building on 2.16 Acres Offered Below Replacement Cost
  • Signalized Hard Corner with ±4,446 VPD Traffic Counts on N Broadway; Positioned 1.2-Mile From I-10 Traffic Over ±28K VPD
  • Attractive Demographics with 5-Mile Population of ±17,817 with Average Household Income of ±$69,742
  • 29.25% Population Growth from 2020-2024 and 9.4% Growth from 2024-2029 Anticipated (5-Mile Radius)
  • Nearby Traffic Drivers: Palo Verde Hospital, California Superior Court

OVERVIEW

Marcus & Millichap is pleased to present a vacant medical office located at 500 N Broadway in Blythe, CA 92225 (the “Property”). Formerly occupied as a multi-tenant medical office, the Property is being offered significantly below replacement cost, providing an exceptional opportunity for owner-users or investors to acquire a well-located medical/office asset within a fast-growing California city along the Arizona border. FIRST BID MEETS RESERVE! The Property consists of a ±14,784 SF single-story medical office building positioned on a ±2.16-acre parcel. The Property offers ample surface parking and is ideally located within Blythe’s highly sought-after business and commercial district. Zoned C-C, Community Commercial, the Property allows for a variety of professional, medical, and commercial uses, enhancing its long-term investment potential. Blythe is a strategically positioned community in Riverside County, located along Interstate?10 on the eastern edge of Southern California, roughly halfway between Los Angeles and Phoenix. The Property benefits from excellent visibility and access on N Broadway with traffic counts of 4,446 vehicles per day at the signalized intersection of E Chanslor Way. Positioned 1.2-mile north of I-10 (±28,405 VPD), the site offers excellent accessibility to major transportation corridors and downtown Blythe. The Property also benefits from its proximity with Margaret White Elementary School, Superior Court of California, McDonalds, Chipotle, Denny’s, Popeyes, Dollar Tree, Holiday Inn, Comfort Suites, Quality Inn, Motel 6, Best Western, and more. The Property is located in an area that serves 15,622 people within a 3-mile area and ±17,817 individuals with an AHHI of ±$69,742 within a 5-mile area supporting continued demand for medical, office, and retail services. The population has experienced 29.25% growth from 2020-2024 with 9.4% growth expected to continue through 2029.

FOR SALE DETAILS

PRICE

$50,000 USD

PRICE/SF

$3 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - Former Medical Office

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.16 AC

LAND SF

94,090 SF

ZONING

PD/R-L-1, Blythe

APN/PARCEL ID

842-100-018

ASK ABOUT THIS PROPERTY

Adam SklaverMarcus & MillichapMore Info
301-706-4619

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Adam SklaverMarcus & MillichapMore Info
301-706-4619

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