222 Main StAlhambra, CA 91801
- Retail properties
- 1,250 SF
Property Details for 222 Main St
- Year built
- 1921
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.08 AC
- Property size (Sq ft)
- 1,250 SF
- Zone code
- ALCBD/DRD*
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 5344-024-005
- APU
- 5344024005
Description
This exceptional retail property, located at 228 E Main St in Alhambra, Los Angeles County, presents a unique investment opportunity. The single-story, 7,800 square foot building sits on a 10,200 square foot lot and features five individual suites, with two currently available, ranging from 2,603 to 3,263 square feet. Constructed in 1945, the property is zoned ALCBD/DRD* and boasts a highly desirable location within a revitalized area. Nearby developments include Regency Plaza, Plaza on Main, Main Street Collection, Casita de Zen, Alhambra Place, and Alhambra Pacific Plaza, contributing to a thriving commercial environment. The property's exceptional walkability is underscored by a Walk Score of 93, ensuring high foot traffic and visibility for tenants. The property's address is 228 E Main St, with a cross street of Chapel Ave. The Assessor's Parcel Numbers (APN) are 5345-004-003 and 5345-004-002. This is an excellent opportunity to acquire a well-situated retail center in a rapidly growing area of Los Angeles County. The property offers significant potential for both immediate income generation and long-term appreciation. Contact us today to learn more about this exceptional investment opportunity.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $492,374
- 6.5%
- $454,499
- 7%
- $422,035
-
Comparable approach
- Method
- Valuation
- Relative Method
- $596,510
- Geo Method
- $599,004
-
Alternative Use
- Use
- Valuation
- Residential
- $383,387
- Hospitality
- $351,181
- Educational
- $292,178
- Medical
- $302,227
- Retail
- $454,499
Location Insight
- City
- Alhambra
- County
- Los Angeles
- State
- California
- Latitude
- 34.0937
- Longitude
- -118.129
- 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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- Please email our support team at [email protected] and they will add the team member.
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