702 Azusa AveWest Covina, CA 91791

Property Details for 702 Azusa Ave

Year built

1999

Construction

TILT-UP CONCRETE

Lot size

1.40 AC

Property size (Sq ft)

16,422 SF

Zone code

WCNC

Property type

Retail properties

Property subtype

Retail space

APN

8443-003-022

APU

8443003022

Description

This exceptional 16,101-square-foot free-standing retail building presents a remarkable investment opportunity in the thriving city of West Covina, California. Located at 702 N Azusa Ave, 91791, within Los Angeles County, this single-tenant property offers significant potential for redevelopment or lease to a new tenant. The entire building is currently vacant, providing immediate flexibility for prospective buyers or investors. The property's substantial size allows for a wide range of uses, catering to various retail concepts or potential adaptive reuse. Its prime location in West Covina offers excellent visibility and accessibility, benefiting from high traffic counts and proximity to residential areas and other commercial establishments. The property's free-standing nature provides ample parking and convenient access for customers. This is a rare chance to acquire a sizable, vacant retail space in a desirable location with strong growth potential. The property is classified as Retail, with a Subtype of Free-standing building. Detailed building plans and specifications are available upon request. Serious inquiries only. This is an ideal opportunity for investors seeking a high-impact retail investment in a dynamic market. The property's size and location make it an attractive proposition for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $6,468,616

  6.5%

  $5,971,030

  7%

  $5,544,528

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,836,708

  Geo Method

  $7,869,475

• Alternative Use

  Use

  Valuation

  Residential

  $5,036,788

  Hospitality

  $4,613,670

  Educational

  $3,838,520

  Medical

  $3,970,532

  Retail

  $5,971,030

Location Insight

City

West Covina

County

Los Angeles

State

California

Latitude

34.0831

Longitude

-117.907

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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