247 Main StAlhambra, CA 91801
- Mixed-use properties
- 33,552 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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