2990 Valley BlvdAlhambra, CA 91803

This prime Alhambra commercial property, located at 2990 & 2970 W Valley Blvd, offers a compelling value-add opportunity. The 2,808 square foot property consists of two single-story fast-food buildings on a 18,286 square foot lot with 30 parking spaces. Currently boasting 100% occupancy with two long-term tenants on month-to-month leases, the property generates a NOI of $80,300, resulting in a 3.21% cap rate. Built in 1967 and renovated in 2010, the property is zoned under the Valley Blvd. Corridor Specific Plan. The location benefits from high visibility on a signalized intersection averaging over 40,000 vehicles daily, with excellent pylon and monument signage. Its strategic position offers proximity to schools, grocery stores, other restaurants, public transportation, and major roadways including the 710 freeway. The asking price is $2,499,000, translating to $889.96 per square foot and $150 per square foot for land value. This presents an excellent redevelopment opportunity with existing tenants covering carrying costs. The property features two buildings, each one story, and benefits from a rear alley access via Cabrillo.