568 E Foothill Blvd - Office/Residential FOR SALE


Azusa, CA 91702
$4,500,000 USD
626-393-4734
568 E Foothill Blvd, Azusa, CA for Sale
$4,500,000 USD
Office/Residential - FOR SALE
1/3
null | Request Cap Rate

568 E Foothill Blvd
Azusa, CA 91702


HIGHLIGHTS

  • Rare San Gabriel Valley Owner User Office Building with Significant Residential Development Potential (Including Possible Additional Assemblage)
  • Pride of Ownership Asset
  • Exceptional Development Upside
  • Proximity to Major Developments

OVERVIEW

CBRE, Inc. presents 568 E. Foothill Boulevard (“Property” or “Building”), a prime opportunity for an owner-user or developer. This well-maintained, two-story office building boasts 22,500 square feet on a spacious 1.04-acre lot, complete with 65 parking spaces. Built in 1965, this well-maintained asset features lush garden courtyard style landscaping and outdoor seating areas, stunning views of the San Gabriel Mountains, mid-century modern design, masonry façade, and recent upgrades including roof, HVAC, and restrooms. The TOD Specific Plan - Route 66 District Overlay allows diverse uses and significant residential redevelopment potential for townhomes, multifamily, and condominiums. Possible additional assemblage opportunity, potentially up to 3 acres total of land, may be possible (contact brokerage team).

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

TOD SPECIFIC PLAN

APN/PARCEL ID

8612-003-044

ASK ABOUT THIS PROPERTY

Greg NassirCBRE, Inc.More Info
626-393-4734

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Greg NassirCBRE, Inc.More Info
626-393-4734

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