For Sale
$2,000,000

248 Rowland St Covina, CA 91723

High-return office building, fully leased.

Overview

Added:
Feb 3
Days on market:
84
This exceptional 5,400 square foot office building presents a compelling investment opportunity in the thriving city of Covina, California. Situated on a 0.27-acre lot at 248 Rowland Street, this property enjoys a highly visible location on a busy thoroughfare. The building is currently divided into two separate units, each equipped with its own utilities and restrooms. Both units are fully leased to long-term tenants, providing immediate and consistent cash flow. The property includes 14 dedicated parking spaces, a significant advantage in this area. Rowland Street is experiencing a surge in development activity, with notable high-end retail and restaurant projects underway nearby. This positive trend underscores the property's strategic location within a dynamic and expanding market, making it an attractive asset for both investors seeking redevelopment potential and owner-users looking for a well-established presence in a growing commercial corridor. The strong tenant occupancy and the area's revitalization efforts combine to create a promising investment with significant upside potential. This is a rare opportunity to acquire a well-positioned, income-producing property in a rapidly developing area of Covina.

Property Details for 248 Rowland St

Property type
Office properties
Square Feet
5,400 SF
Year Built
1963
Lot Size (sq. ft)
11,761 SF

Location Insight

City
Covina
County
Los Angeles
State
California
Latitude
34.07873
Longitude
-117.8868

FAQs

What type of property is this?
Office property - High-return office building, fully leased.
Where is the office property located?
The property is located at 248 Rowland St Covina, CA.
What is the asking price?
The asking price for this property is $2,000,000.
How can I contact the broker?
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248 Rowland St
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