500 Atlantic BlvdMonterey Park, CA 91754

Property Details for 500 Atlantic Blvd

Year built

1981

Construction

TILT-UP CONCRETE

Lot size

0.26 AC

Property size (Sq ft)

3,708 SF

Zone code

MPC4*

Property type

Retail space

APN

5262-001-019

APU

5262001019

Description

This exceptional 1,466 square foot retail space is available for lease in Monterey Park, Los Angeles County, within a thriving 24-Hour Fitness gym. Ideally suited for fitness-related businesses, the property offers a turnkey opportunity for a variety of health and wellness ventures. Permitted uses include, but are not limited to: martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, and the sale of related products such as workout apparel and accessories. The landlord will consider other complementary fitness and wellness uses. Importantly, the space is not suitable for businesses that prepare food and drink on-site, offer pole dancing classes, or require extensive construction or utility upgrades. This single-tenant space is conveniently located in the Los Angeles submarket, within the Monterey Park submarket cluster. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). The property is currently vacant and ready for immediate occupancy. This presents a unique opportunity to establish a business within an established fitness environment, benefiting from existing foot traffic and a built-in customer base. Contact us today to learn more about this exciting opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $1,565,930

  6.5%

  $1,445,474

  7%

  $1,342,225

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,776,886

  Geo Method

  $1,776,886

• Alternative Use

  Use

  Valuation

  Residential

  $1,219,311

  Hospitality

  $1,116,882

  Educational

  $929,233

  Medical

  $961,191

  Retail

  $1,445,474

Location Insight

City

Monterey Park

County

Los Angeles

State

California

Latitude

34.0562

Longitude

-118.134

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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