947 Route 66Glendora, CA 91740

  • Community centers
  • 9,779 SF
For Lease
$18/SF/YR View listing

Property Details for 947 Route 66

Year built
1991
Construction
TILT-UP CONCRETE
Lot size
0.82 AC
Property size (Sq ft)
9,779 SF
Zone code
GDC_RT66SP
Property type
Community centers
APN
8649-028-007
APU
8649028007

Description

This exceptional restaurant opportunity is situated on the bustling Historic Route 66 in Glendora, boasting high daily traffic counts. The property offers approximately 2,000 square feet of vacant space, ideal for a variety of restaurant concepts or retail uses. Key features include a walk-in freezer and a kitchen hood, significantly reducing start-up costs. An outdoor patio provides additional seating and ambiance, enhancing the overall customer experience. The building's total square footage is 9,779 square feet, with multiple tenancy options available. Its prime location offers excellent visibility and accessibility, with ample parking and convenient ingress and egress. Strategic signage opportunities are also available. The property benefits from its proximity to major freeways, including CA-10, 60, 15, and 210, ensuring easy access for both customers and employees. Furthermore, its location near the renowned Donut Man shop adds to its appeal and potential for attracting a large customer base. This is a rare opportunity to establish a thriving business in a high-demand location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,801,034
    6.5%
    $3,508,647
    7%
    $3,258,029
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,570,720
    Geo Method
    $4,686,128
  • Alternative Use

    Use
    Valuation
    Residential
    $2,959,675
    Hospitality
    $2,711,046
    Educational
    $2,255,558
    Medical
    $2,333,131
    Retail
    $3,508,647

Location Insight

City
Glendora
County
Los Angeles
State
California
Latitude
34.1293
Longitude
-117.849
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
$23,320
$829,979
$871,846
$1,701,825
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FAQs

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