247 Main StAlhambra, CA 91801

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

Investment properties

Property subtype

Retail residential 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.

• CAP approach

  CAP return

  Valuation

  6%

  $10,223,100

  6.5%

  $9,436,730

  7%

  $8,762,680

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,480,760

  Geo Method

  $6,507,850

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $18,362,700

  Retail / Commercial

  $9,446,570

  Hospitality / Lodging

  $6,954,470

  Office

  $9,405,500

  Institutional / Educational

  $9,818,920

  Residential Income

  $11,488,100

  Multifamily

  $13,646,100

  Automotive / Energy

  $8,416,220

  Parking / Income-Based Land

  $2,880,780

  Restaurant / Food Service

  $4,959,000

  Healthcare / Senior Housing

  $9,652,740

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

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