956 Foothill BlvdClaremont, CA 91711

Property Details for 956 Foothill Blvd

Year built

1968

Construction

WOOD

Lot size

1.14 AC

Property size (Sq ft)

5,019 SF

Zone code

CLCH*

Property type

Turn key restaurants

APN

8311-006-013

APU

8311006013

Description

This exceptional commercial property, located at 956 W Foothill Boulevard in Claremont, CA, presents a unique investment opportunity. The freestanding restaurant building boasts 1,380 square feet and sits on a lot exceeding one acre, providing ample parking. Situated on historic Route 66, this location benefits from high visibility and significant traffic, with an estimated 33,789 cars passing daily. The building is ideal for a variety of restaurant concepts, capitalizing on the area's strong demographics. Claremont is a thriving city with a population of 36,891 and a median household income of $115,091, further enhanced by the presence of seven colleges and over 8,000 students. The property's location east of Towne Avenue places it within a rapidly developing neighborhood, surrounded by new residential developments and a diverse range of shops and services. This single-suite building offers a turnkey solution for entrepreneurs seeking to establish a successful business in a prime location with excellent growth potential. The property is zoned for commercial use and is currently available for lease. The high traffic count, ample parking, and desirable location make this a truly exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,837,578

  6.5%

  $1,696,226

  7%

  $1,575,067

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,144,456

  Geo Method

  $2,415,323

• Alternative Use

  Use

  Valuation

  Residential

  $1,430,830

  Hospitality

  $1,310,633

  Educational

  $1,090,431

  Medical

  $1,127,933

  Retail

  $1,696,226

Location Insight

City

Claremont

County

Los Angeles

State

California

Latitude

34.1065

Longitude

-117.733

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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