Ignite FB Tracking Pixel843 W Arrow, Azusa, CA 91702 - Sharon Rae
Keller Williams Real Estate Services
Sharon Rae, Keller Williams Real Estate ServicesPhone: (818) 325-5956
Email: [email protected]
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listing
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CommercialSold
List Price $2,375,000
Sold Price $2,200,000
843 W Arrow
Azusa, CA 91702
Listing Office: Keller Williams R. E. Services
MLS: California Regional MLS (CRMLS)
Est. Mortgage
$12,359/mo

We are pleased to present a fast food restaurant property in Azusa, California situated on a large 35,000 square foot lot. The building is approximately 3,800 square feet and includes all of the operational fixtures and buildouts of a high-volume fast food restaurant, including a drive through, large commercial kitchen, expansive dine-in area and even a storage basement. The zoning of the property is CAH – Corridor Arrow Highway, which is specific to the City of Azusa. This zoning allows for a wide range of both commercial land residential uses. Everything from a Medical Laboratory, to a fitness facility to catering services can be accommodated under the CAH zoning (buyer to verify). Additionally, mixed use projects and residential development is also encouraged; based on our preliminary estimates anywhere from 25 to over 30-units can potentially be built on this zoning with this lot size (buyer to verify). As it stands, the property has 46 parking spaces, which equates to a 13-to-1 parking ratio. With that level of parking the possibilities for an investor or owner-user are tremendous. From an investment standpoint, assuming a proforma rent of $3.00/NNN this property can deliver a 5.75% cap rate. For a developer, $68/SF for land cost is a bargain in the San Gabriel valley. For an owner-user, at SBA rates still being offered at attractive rates and terms, this is a rare opportunity.

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Information courtesy of Keller Williams R. E. Services is subject to verification and is not guaranteed.
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