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240-244 S Garey Ave
Pomona, CA 91766
Retail Property For Sale
EXECUTIVE SUMMARY
Century 21 Commercial Division is proud to introduce 240-244 S Garey Ave in a prime location in the heart of Pomona! Property is in opportunity zone- Approx 8,242 SF. commercial use. Building is located walking distance to city hall, Western University, Art shops, Retail Shops, antique shops, Lofts, restaurants, lounges and entertainment! The downtown area has many exciting plans that are approved for entertainment, housing, work, lounges, lofts and parking to support all. This Building is currently leased to an existing long-time restaurant and bakery tenant and have approximately 2 years left on lease with 2 -5-year options. The building has an additional 3,800 SF of 2nd floor used by the owner as a Dance Studio and currently not being used. Second floor is turnkey condition with access on West and East side of building with men's and women's restrooms. Please see attached Performa if 2nd floor is used as a banquet facility.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
8,242 SF
Building Class
C
Year Built
1930
Price
$3,461,250 CAD
Price Per SF
$419.95 CAD
Cap Rate
6.97%
NOI
$241,180 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
12’
Building FAR
1.66
Lot Size
0.11 AC
Opportunity Zone
Yes
Zoning
POC3*
Parking
10 Spaces (1.21 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | 8335-010-003 | Improvements Assessment | $140,619 CAD |
| Land Assessment | $117,178 CAD | Total Assessment | $257,797 CAD |
PROPERTY TAXES
Parcel Number
8335-010-003
Land Assessment
$117,178 CAD
Improvements Assessment
$140,619 CAD
Total Assessment
$257,797 CAD
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