8923 Mission Dr - Storefront FOR SALE


Rosemead, CA 91770
$1,650,000 USD
310-562-9630
8923 Mission Dr, Rosemead, CA for Sale
$1,650,000 USD
Storefront - FOR SALE
1/14
null | Request Cap Rate

8923 Mission Dr
Rosemead, CA 91770


HIGHLIGHTS

  • PERFECT OWNER-USER LOCATION - TENANT IS MONTH TO MONTH
  • Currently Occupied by 1 Long Term Tenant, Can Be Rented Out to 2
  • Located on a Corner Lot with Traffic of Approx. 50,000 Cars Per Day!
  • 1 Block from Intersection of Mission Dr and Rosemead Blvd Which is Home to Rosemead High School, Rosemead Park, and In & Out. Apx. 47,000 Cars Per Day
  • The 2024 Average Home Income Within a 1 Mile Radius is $96,275.
  • Excellent Signage Opportunity

OVERVIEW

POTENTIAL FOR OWNER-USER - CURRENT TENANT IS MONTH TO MONTH Buyer to verify potential to be used as MEDICAL OFFICE, RESTAURANT, TUTORING CENTER, 2 RETAIL OR OFFICE SUITES, AND MUCH MORE. Rare opportunity to purchase a Commercial property in the heart of Rosemead! Located near the intersection of Mission Dr and Rosemead Blvd, this 4,020 SF property sits on 11,241 SF and offers 16 parking spaces. Amazing location near Rosemead High School and In and Out. An excellent investment with future owner-user or value add potential. The current tenant has 25 plus years in this location and their lease just converted to month-to-month. Tenant would like to stay long term. The owner opted to convert the tenant to a month-to-month status, as it allows a Buyer to negotiate a new lease with the existing tenant, OR terminate with a 60 day notice and either owner-occupy or re-lease the property at market rate. The property is currently occupied by one tenant but may have the potential to be leased to two separate tenants.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$410 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rosemead Owner-User Commercial Building!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant, Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,241 SF

ZONING

RMC1*

APN/PARCEL ID

5389-017-005

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

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