57 Wheeler AveArcadia, CA 91006

Property Details for 57 Wheeler Ave

Year built

1934

Lot size

0.95 AC

Property size (Sq ft)

7,706 SF

Zone code

ARC2H*

Property type

Retail properties

Property subtype

Turn key restaurants

APN

5773-006-039

APU

5773006039

Description

This 13,600 square foot retail property in downtown Arcadia, California, offers multiple spaces available for lease, ranging from 1,285 to 3,263 contiguous square feet. Built in 2019, the property boasts 13 suites in total, with 11,401 square feet currently vacant. Located just one block from the Metro station, this mixed-use development enjoys a prime location near other shops and cafes, including existing tenants such as Tap Lounge, Tea Maru, and F45 Fitness. The property provides ample parking with 42 spaces available. This is an exceptional opportunity to establish a presence in a revitalized downtown Arcadia neighborhood, attracting a diverse clientele. The property's modern design and convenient location make it ideal for a variety of retail businesses, including restaurants, cafes, banks, and shops. The minimum leasable space is 1,285 square feet, while the maximum contiguous space available is 3,263 square feet. Los Angeles County location and 91006 zip code offer easy access to a large consumer base. This is a chance to be part of a thriving community and a successful mixed-use development.

• CAP approach

  CAP return

  Valuation

  6%

  $3,035,389

  6.5%

  $2,801,898

  7%

  $2,601,762

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,677,364

  Geo Method

  $3,692,740

• Alternative Use

  Use

  Valuation

  Residential

  $2,363,506

  Hospitality

  $2,164,958

  Educational

  $1,801,220

  Medical

  $1,863,167

  Retail

  $2,801,898

Location Insight

City

Arcadia

County

Los Angeles

State

California

Latitude

34.1413

Longitude

-118.03

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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