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    518 524 S 1st Avenue

    Arcadia, CA 91006
    • $2,695,000
    • STATUS: Active
    • ON SITE: 172 days
    • ID#: P1-3158
    UPDATED: 49 min ago
    $2,695,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,200
      SQFT
    • $374
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1948
    County:

    School Ratings & Info

    Description

    First time on the market in 50 years. Rare Owner/User building or investment opportunity. 3-unit retail property with two 1,200sf units occupied by a hair salon and acupuncture office and one corner 4,800sf (+200sf bonus warehouse) unit that is currently occupied by an art school that is month to month and can accommodate an owner/user upon close of escrow.High visibility, corner location at the intersection of 1st Avenue and Fano Street. Central Arcadia location, one block east of Santa Anita Avenue and north of Duarte Road. Convenient to the Westfield Santa Anita Regional Shopping Mall, Santa Anita Racetrack, and Restaurant Row along Huntington Drive. Zoned Mixed Use, suitable for a wide variety of retail and service uses. Please check with the City of Arcadia Zoning Department for all zoning matters, allowed uses and parking requirements.Future development potential with mixed-use zoning for a retail and residential project. Zoning permits 30 units/acre with a Floor to Area Ration of 1.0 and a maximum height of 40 feet. PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY WITHOUT LISTING BROKER. ALL VIEWINGS AND TOURS MUST BE ARRANGED THROUGH THE LISTING BROKER.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-25T19:29:12.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
    www.therealestategirl.com/homes/113858952
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    518 524 S 1st Avenue Arcadia, CA 91006

    • Price: $2,695,000
    • Status: Active
    • Updated: 49 min ago
    • ID#: P1-3158
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,200
    SQFT
    $374
    $/SQFT
    1948
    Built
    Neighborhood:
    605 - Arcadia
    County:
    Other County
    Area:
    605 - Arcadia
    Property Description
    First time on the market in 50 years. Rare Owner/User building or investment opportunity. 3-unit retail property with two 1,200sf units occupied by a hair salon and acupuncture office and one corner 4,800sf (+200sf bonus warehouse) unit that is currently occupied by an art school that is month to month and can accommodate an owner/user upon close of escrow.High visibility, corner location at the intersection of 1st Avenue and Fano Street. Central Arcadia location, one block east of Santa Anita Avenue and north of Duarte Road. Convenient to the Westfield Santa Anita Regional Shopping Mall, Santa Anita Racetrack, and Restaurant Row along Huntington Drive. Zoned Mixed Use, suitable for a wide variety of retail and service uses. Please check with the City of Arcadia Zoning Department for all zoning matters, allowed uses and parking requirements.Future development potential with mixed-use zoning for a retail and residential project. Zoning permits 30 units/acre with a Floor to Area Ration of 1.0 and a maximum height of 40 feet. PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY WITHOUT LISTING BROKER. ALL VIEWINGS AND TOURS MUST BE ARRANGED THROUGH THE LISTING BROKER.
    Exterior Features

    Fencing None Lot Features Near ParkPaved Roof Composition Sign On Property YN No

    Interior Features

    Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Common Interest None Community Features Park Current Financing None Electric Standard Gross Scheduled Income 133800 Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventional Net Operating Income 88851 Operating Expense 40935 Property Sub Type Retail Special Listing Conditions Standard Structure Type Retail Vacancy Allowance 3 Vacancy Allowance Rate 3 Water Source Public Zoning Mixed Use

    Listing provided courtesy of Michael Dostalek of A1 West Commercial Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-07-25T19:29:12.72. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.
     
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