517-521 N Euclid Ave - Storefront Retail/Office FOR SALE


Ontario, CA 91762- Downtown Ontario
$2,750,000 USD
626-347-3300
517-521 N Euclid Ave, Ontario, CA for Sale
$2,750,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

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517-521 N Euclid Ave
Ontario, CA 91762
Downtown Ontario


HIGHLIGHTS

  • Rare opportunity to occupy ±6,200 SF in Downtown Ontario without waiting for lease expirations or tenant rollover.
  • Future expansion & value-add potential
  • Eligible property owners may qualify for the City's Downtown Façade Improvement Program, or the City's Restaurant Equipment Loan Program.
  • Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10%

OVERVIEW

IMMEDIATE OWNER-USER OCCUPANCY- Rare opportunity to occupy ±6,200 SF in Downtown Ontario without waiting for lease expirations or tenant rollover. FUTURE EXPANSION & VALUE-ADD POTENTIAL - The existing month-to month tenancy structure provides future flexibility to expand operations, reconfigure space, adjust rents to market levels, or reposition the property as business needs evolve. CITY SUPPORTED DOWNTOWN REVITALIZATION- Located within Ontario's designated Downtown Revitalization District, the property benefits from ongoing public and private investment focused on attracting businesses, improving streetscapes, and enhancing the downtown experience. FAÇADE IMPROVEMENT GRANTS & RESTAURANT EQUIPMENT LOAN PROGRAMS - Eligible property owners may qualify for the City's Downtown Façade Improvement Program, or the City's Restaurant Equipment Loan Program. See pages 9 & 10 for details. Purchase financing is available to owner-users through the Small Business Administration. Down payments are as little as 10% If purchased with 10% down ($275,000), the monthly loan payment is estimated at $16,355/month, which equates to only $1.52/SF. After removing principal paydown and accounting for only the interest portion of the monthly loan payment, the cost to occupy (and own) this building is approximately $1.48/SF/Month - Far less than the cost of leasing SBA financing allows for buyers to lease up to 49% of their building, creating the opportunity to further reduce occupancy costs. As an owner, one can benefit from the potential appreciation of the asset.

FOR SALE DETAILS

PRICE

$2,750,000 USD

PRICE/SF

$255 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

Commercial

APN/PARCEL ID

1048-355-07

ASK ABOUT THIS PROPERTY

Trinnie LeeProgressive Real Estate PartnersMore Info
626-347-3300

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Trinnie LeeProgressive Real Estate PartnersMore Info
626-347-3300

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