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    518 S 1st Avenue

    Arcadia, CA 91006
    • $2,695,000
    • STATUS: Active
    • ON SITE: 22 days
    • ID#: P1-3158
    UPDATED: 31 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 CRISNet MLS as of 2021-02-24T22:56:19.583. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-02-24T22:56:19.583. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/113857873
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    518 S 1st Avenue Arcadia, CA 91006

    • Price: $2,695,000
    • Status: Active
    • Updated: 31 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

    Fence YN No Fencing None Roof Composition

    Interior Features

    Heating Central Heating YN Yes Retail Square Footage 7200

    Property Features

    Additional Parcels YN No Asset Class Retail Building Status Existing Current Financing None Electric Standard Gross Scheduled Income 133800.00 Industrial Square Footage 200 Land Use Retail Laundry Features None Net Operating Income 88851.00 Operating Expense 40935.00 Property Sub Type Retail Special Listing Conditions Standard Vacancy Allowance 3 Water Source Public Zoning Mixed Use

    Listing provided courtesy of Michael Dostalek, CA DRE# , of A1 West Commercial Real Estate.


    Based on information from CRISNet MLS as of 2021-02-24T22:56:19.583. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-02-24T22:56:19.583. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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