Azusa, CA 91702 843 W Arrow
$2,375,000
Pending
3 more
Presented By: Krikor Garabedian with Keller Williams R. E. Services; 818-298-8810
Home Details
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.
Presented By: Krikor Garabedian with Keller Williams R. E. Services; 818-298-8810
Interior Features for 843 W Arrow
Other Interior Features
LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories1
Other Rooms
Entry Level1
General for 843 W Arrow
Additional Parcels Description8619-013-065
Additional Parcels Y/NYes
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityAzusa
CountyLos Angeles
Days on Market105
DirectionsLocated on W Arrow Highway near the corner of N Lark Ellen Ave.
Electric On Property Y/NNo
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet35162.0
Lot Size UnitsSquareFeet
MLS Area607 - Azusa
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeVacant
Private PoolNo
Property Sub Type AdditionalRetail
Property SubTypeRetail
Property TypeCommercialSale
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
View Y/NNo
Waterfront Y/NNo
Year Built1970
Exterior for 843 W Arrow
Building Area Total3800.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre, StreetLevel
Lot Size Acres0.8072
Lot Size Area35162.0
Lot Size SourceSurvey
Number of Buildings1
Open Parking Y/NNo
SpaNo
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480