33 Huntington DrArcadia, CA 91007

Property Details for 33 Huntington Dr

Year built

1958

Construction

TILT-UP CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

4,250 SF

Zone code

ARC2H*

Property type

Office properties

Property subtype

Office buildings

APN

5773-012-009

APU

5773012009

Description

This exceptional retail property, located at 33-37 W Huntington Dr in Arcadia, CA, offers a unique investment opportunity. The 38,761 square foot building sits on a 20,502 square foot lot in Los Angeles County and features a modern, open-concept design ideal for a thriving food hall. The space is currently configured to include five distinct areas: three vendor stalls, each measuring 84 square feet, perfect for diverse culinary concepts; a 190 square foot bar area, providing ample space for beverage service and customer interaction; a 125 square foot café area, suitable for quick-service offerings and coffee; and a 200.6 square foot shared kitchen, equipped to support the operational needs of the vendors. The property boasts a high-traffic location, ensuring significant foot traffic and visibility for all tenants. Individual spaces range from 472 to 717 square feet, offering flexibility for various business models. This first-floor retail space presents a compelling opportunity for entrepreneurs seeking a vibrant and established market. The property's multiple tenancy structure allows for a diverse range of food and beverage options, creating a dynamic and attractive destination for consumers. The shared kitchen facility promotes efficiency and cost-effectiveness for vendors. This is a turnkey opportunity to establish a successful food hall in a prime Arcadia location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,138,825

  6.5%

  $1,051,223

  7%

  $976,136

• Comparable approach

  Method

  Valuation

  Relative Method

  $804,815

  Geo Method

  $808,180

• Alternative Use

  Use

  Valuation

  Residential

  $1,303,516

  Hospitality

  $1,194,014

  Educational

  $993,406

  Medical

  $1,027,570

  Retail

  $1,545,298

Location Insight

City

Arcadia

County

Los Angeles

State

California

Latitude

34.1404

Longitude

-118.03

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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