905 Arrow HwyGlendora, CA 91740

  • Retail properties
  • 18,132 SF
For Sale
$9,495,000 View listing

Property Details for 905 Arrow Hwy

Year built
1951
Construction
TILT-UP CONCRETE
Lot size
1.24 AC
Property size (Sq ft)
18,132 SF
Zone code
GDC3
Property type
Retail properties
Property subtype
Retail space
APN
8653-037-018
APU
8653037018

Description

This exceptional food hall opportunity is located in the thriving Glendora Public Market, situated at the prime intersection of Arrow Highway and Sunflower Avenue in the Western San Gabriel Valley. Originally a Wonder Bread factory, the property underwent a complete renovation in 2020, transforming it into a best-in-class food hall while preserving its historic charm. Boasting ±274 feet of frontage on Arrow Highway and ±123 feet on Sunflower Avenue, the property benefits from a four-way signalized intersection with an estimated 47,360 cars passing daily, ensuring high visibility. Panel signage opportunities are available on the Arrow Highway-facing building. The location offers convenient access to the I-210 and 57 Freeways, attracting customers from across the region. A strong customer base is supported by a population of approximately 165,063 within a 10-minute drive, 70,358 employees nearby, and an average income of $133,320 within a 5-minute radius. The market's vibrant atmosphere is enhanced by regular events, including game nights, trivia nights, craft markets, loterias, and live bands, creating a lively and engaging environment for both tenants and patrons. This is a unique opportunity to establish a presence in a high-traffic, high-income area within a beautifully renovated historic building. The property offers multiple tenancy options within a thriving food hall environment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $6,744,670
    6.5%
    $6,225,850
    7%
    $5,781,146
  • Comparable approach

    Method
    Valuation
    Relative Method
    $7,929,746
    Geo Method
    $8,688,912
  • Alternative Use

    Use
    Valuation
    Residential
    $5,251,738
    Hospitality
    $4,810,563
    Educational
    $4,002,332
    Medical
    $4,139,978
    Retail
    $6,225,850
905 Arrow Hwy, Glendora, California

Location Insight

City
Glendora
County
Los Angeles
State
California
Latitude
34.1071
Longitude
-117.846
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$43,908
$2,577,955
$847,672
$3,425,627
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