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201 W Whittier Blvd 1,500 SF Retail Building Montebello, CA 90640 $2,311,378 CAD ($1,540.92 CAD/SF) 3.20% Cap Rate
Executive Summary
Rarely does a property combine immediate income potential with this level of long-term development upside. Located in the heart of Montebello's bustling downtown core, this fully operating & freestanding restaurant is now available for sale & it's an opportunity serious investors won't want to overlook. Positioned on one of the area's highest foot-traffic corridors, this property benefits from exceptional visibility and daily exposure to a strong volume of pedestrian and vehicular traffic. The freestanding structure offers full autonomy with no shared walls, no strata fees & no compromise. The interior 1,500 sqft, turn-key and fully operational, is equipped with a complete commercial kitchen and professional hood system. Sitting on an expansive 11,777 sqft lot, this property includes a spacious parking area with 20 dedicated spaces, an exceptionally rare feature for a downtown commercial asset. The oversized lot not only supports the current use but opens the door to future expansion and redevelopment. Designated commerical C-2, this property supports a broad range of commercial uses and mixed-use development. Subject to city confirmation, this lot may accommodate the construction of up to 10 residential units. All buyers are encouraged to perform their own due diligence regarding zoning and development permissions.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,500 SF
Building Class
B
Year Built
1960
Price
$2,311,378 CAD
Price Per SF
$1,540.92 CAD
Cap Rate
3.20%
NOI
$73,964 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.27 AC
Zoning
C2 - Commercial
Parking
20 Spaces (13.33 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- The Hydroponic City
- -
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| The Hydroponic City | - | - | - | - |
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Exceptionally bikeable
90/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 6349-002-024 | Improvements Assessment | $393,394 CAD |
| Land Assessment | $1,238,464 CAD | Total Assessment | $1,631,858 CAD |
Property Taxes
Parcel Number
6349-002-024
Land Assessment
$1,238,464 CAD
Improvements Assessment
$393,394 CAD
Total Assessment
$1,631,858 CAD
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201 W Whittier Blvd
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