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17 S 1st St
Alhambra, CA 91801
The mixed-use free standing at prime location · Retail Property For Sale
Investment Highlights
- Prime Location with walking distance to city hall, police department, parking structure and restaurants
- Free standing building with nice and private patio seatings. High-ceilinged lobby leading to a spacious ballroom. Ample Parking
- A fully equipped commercial kitchen, total 4 restrooms
- 8% Proforma Cap based on $2.25 NNN market rent, based on the total usable area of 15000 sqft
- Dancing club with 47 liquor license may be for sale
- There are a basement as bonus that has 3000sq+
Executive Summary
This property presents a great opportunity for both owner occupancy or investment, located in a prime area of Alhambra. The current tenant has been operating a dancing club with 47 liquor licenses for many years. Prospective buyers have the option to either occupy the property themselves or seek a new tenant who can make more effective use of the space and pay a higher rent. The property is conveniently located within walking distance of City Hall, the police department, a parking structure, the Post Office, a high school, churches, and popular restaurants such as Gen Korean BBQ, Boiling Crab, and Starbucks.
The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage.
The zoning is Mixed-use. It is a historic building. Need to verify it with the city.
The mixed-use building features a high-ceilinged lobby leading to a spacious ballroom, modern spec offices with large windows, a fully equipped commercial kitchen, and a functional basement with ample storage.
The zoning is Mixed-use. It is a historic building. Need to verify it with the city.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
11,920 SF
Building Class
C
Year Built/Renovated
1929/2004
Price
$6,810,309 CAD
Price Per SF
$571.33 CAD
Cap Rate
8%
NOI
$544,825 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
1.54
Lot Size
0.18 AC
Zoning
CBD/DRD - The zoning is Mixed-use. It is a historic building. Need to verify it with the city.
Parking
34 Spaces (2.85 Spaces per 1,000 SF Leased)
Frontage
84’ on S 1st Street
Property Taxes
| Parcel Number | 5344-026-019 | Improvements Assessment | $1,965,293 CAD |
| Land Assessment | $2,053,391 CAD | Total Assessment | $4,018,684 CAD |
Property Taxes
Parcel Number
5344-026-019
Land Assessment
$2,053,391 CAD
Improvements Assessment
$1,965,293 CAD
Total Assessment
$4,018,684 CAD
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