247 Main StAlhambra, CA 91801

  • Mixed-use properties
  • 33,552 SF
For Lease
$33/SF/YR View listing

Property Details for 247 Main St

Year built
1947
Construction
TILT-UP CONCRETE
Lot size
0.39 AC
Property size (Sq ft)
33,552 SF
Zone code
ALCBD/DRD*
Property type
Mixed-use properties
Property subtype
Other investment properties
APN
5337-026-023
APU
5337026023

Description

This exceptional single-tenant property, located at 247 E Main St in Alhambra, California (zip code 91801), offers a substantial 35,000 square feet of versatile space. Situated in Los Angeles County, this property is ideally suited for a variety of uses, including retail, office, or restaurant operations. The building's classification as a "Traditional Office" subtype suggests a layout conducive to professional office environments, but its adaptability makes it suitable for other commercial ventures. The single-tenancy aspect provides an opportunity for a business seeking a large, self-contained space. The property's prime location on Main Street in Alhambra offers excellent visibility and accessibility, ensuring high foot traffic and convenient access for customers and employees. This presents a unique opportunity for a business seeking a significant presence in a thriving Alhambra commercial district. The precise latitude and longitude coordinates are 34.09660615031329 and -118.12365113210784 respectively. This substantial space is ready for immediate occupancy by a single tenant seeking a prominent location in a desirable area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $11,148,287
    6.5%
    $10,290,726
    7%
    $9,555,674
  • Comparable approach

    Method
    Valuation
    Relative Method
    $9,848,208
    Geo Method
    $9,889,385
  • Alternative Use

    Use
    Valuation
    Residential
    $10,290,726
    Hospitality
    $9,426,250
    Educational
    $7,842,529
    Medical
    $8,112,246
    Retail
    $12,199,490
247 Main St, Alhambra, California

Location Insight

City
Alhambra
County
Los Angeles
State
California
Latitude
34.0969
Longitude
-118.124
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
$83,401
$2,452,315
$4,136,325
$6,588,640
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