Back to Search

Alhambra Retail & Office Space

37 E Main St, Alhambra, CA 91801

View on Map

For Sale

Contact for pricing

Two-story property with retail and office space in Alhambra, CA.

Type:Retail

Property size:

10,600 SF

Price / SF:

$283/SF

HighLights

Prime Downtown Alhambra Location on E Main St near Garfield Ave and Edwards Movie Theater.
Expansive Space: 10,600 SF across two stories, with 5,300 SF per floor.
Versatile Use: Ground floor ideal for retail, second floor suitable for office, medical, or creative studio.
Abundant Parking: Easily accessible city parking lots and structures.
Second Floor Office Space: Features 10 individual offices and 5 bathrooms.
Dynamic Neighborhood: Surrounded by restaurants, shops, and entertainment.

We can help!

Listing Contact

Raymond Ho

For Sale

Contact for pricing

Two-story property with retail and office space in Alhambra, CA.

Type:Retail

Property size:

10,600 SF

Price / SF:

$283/SF

Added:: Sep 15, 2023
Days on Market:: 1003
Last Refresh:: May 12 at 9:55 pm

Property Features for 37 E Main St

General Information

Standard status: Active
Size: 10,600 SF
Property subtype: Retail

Building Details

Year Built: 1923

We can help!

Listing Contact

Raymond Ho

Listing agent Raymond Ho License #CA01868322

Listing office GE Property Development Inc.

Listing date Sep 15, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of GE Property Development Inc.

HighLights

Prime Downtown Alhambra Location on E Main St near Garfield Ave and Edwards Movie Theater.
Expansive Space: 10,600 SF across two stories, with 5,300 SF per floor.
Versatile Use: Ground floor ideal for retail, second floor suitable for office, medical, or creative studio.
Abundant Parking: Easily accessible city parking lots and structures.
Second Floor Office Space: Features 10 individual offices and 5 bathrooms.
Dynamic Neighborhood: Surrounded by restaurants, shops, and entertainment.

Overview

Located in downtown Alhambra, this two-story property at 37-41 E Main St offers retail and office spaces suitable for various business setups. The ground floor provides 5,300 square feet of retail space, ideal for establishing a thriving retail business. It includes a single bathroom and offers an open layout for customization. The second floor also offers 5,300 square feet of office space, featuring 10 individual offices and 5 bathrooms, making it suitable for a corporate office, medical facility, or creative studio. The property is situated near the intersection of Main St and Garfield Ave, next to Edwards Movie Theater, and benefits from a dynamic neighborhood with restaurants, shops, and entertainment options that attract a younger demographic. Abundant city-provided parking is available, including a city parking lot behind the property and two public parking structures located behind Main St & Stoneman Ave and Main St & Chapel Ave. The ground floor is suitable for establishing a retail hub, while the second floor can be used for shared office spaces or medical offices.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$358.7k	$33.84
− Vacancy	−$23.7k	−$2.23
EGI	$335.0k	$31.61
− OpEx	−$100.5k	−$9.48
NOI	$234.5k	$22.12

10,600 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%

Alternative Uses

Best Use

Retail

$3.35M

$2.93M – $3.91M (±1% cap)

NOI $234,521 @ 7.0% cap · market cap 7.82%

Second Best

Office B

$3.31M

$2.90M – $3.86M (±1% cap)

NOI $231,708 @ 7.0% cap · market cap 7.72%

Theoretical Best

Office A

$5.68M

$4.97M – $6.62M (±1% cap)

NOI $397,264 @ 7.0% cap · market cap 13.24%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Complete HVAC Services ... Hardware & Home Improvement

Suggested Use

Location Insight

Map
Local Demand

City: Alhambra
County: Los Angeles
State: California
Longitude: -118.1262602
Latitude: 34.0957529

Nearby Similar for Sale

$3,500,000

7,894 SF

Alhambra Multi-Tenant Office Building

Two-story office building with 36 suites in Alhambra, CA.

205 S Chapel Avenue, Alhambra, CA 91801

View Details
$1,790,000

3,060 SF

Alhambra Quadruplex with Rental Upside

Four units with income potential in a desirable location.

2306 W Alhambra Road, Alhambra, CA 91801

View Details
$1,388,000

2,036 SF

Brand-New Duplex With Game Room

Duplex on a single lot featuring a new 3-bed front home, remodeled back home, and an expanded finished game room/basement.

1607 Westmont Drive, Alhambra, CA 91083

View Details
$2,580,000

7,112 SF

Alhambra Apartment Building Opportunity

Two four-plex buildings near Downtown LA and Cal State LA.

2205 W Ramona Road, Alhambra, CA 91803

View Details
$2,100,000

5,394 SF

Alhambra 6-Unit Multifamily Property

Desirable 6-unit property in a prime Alhambra location.

716 S Chapel Avenue, Alhambra, CA 91801

View Details
$2,500,000

5,100 SF

Seven-Unit Craftsman in Alhambra

Seven-unit Craftsman property in Alhambra with redevelopment potential.

201 N Atlantic Boulevard, Alhambra, CA 91801

View Details
$4,250,000

23,514 SF

Alhambra Industrial Property For Sale

Established industrial property in San Gabriel Valley, ideal for owner-user.

1121 S Meridian Avenue, Alhambra, CA 91803

View Details
$1,799,000

4,422 SF

Alhambra Multifamily Investment Opportunity

Five-unit property in a desirable Alhambra location with transit connectivity.

1342 Edgewood, Alhambra, CA 91803

View Details
$729,000

1,052 SF

Tenant-Occupied Single-Family Residence

3-bedroom, 1-bath residence on a spacious lot, offered tenant-occupied for ongoing rental income.

2421 Florentina, Alhambra, CA 91803

View Details
$6,425,000

13,875 SF

36-Unit Alhambra Multifamily Asset

Downtown Alhambra property with immediate NOI expansion potential.

30 N FIRST STREET, Alhambra, CA 91801

View Details
$6,500,000

15,029 SF

Alhambra Office, Warehouse, Kitchen Facility

Two-story building with office, warehouse, and central kitchen.

429 S Palm Ave, Alhambra, CA 91803

View Details
$520,000

Established Preschool Business Opportunity

Reputable dual-language, Montessori-inspired preschool in Alhambra with over 20 years.

2401 W Valley, Alhambra, CA 91803

View Details

For sale
Mixed-use properties
CA
Alhambra
91801
37 E Main St

What type of property is this?

Mixed-use property - Two-story property with retail and office space in Alhambra, CA.

Where is this mixed-use property located?

The property is located at 37 E Main St Alhambra, CA.

What is the asking price?

The asking price for this property is $3,000,000.

What are key features of this property?

This property features: Prime Downtown Alhambra Location on E Main St near Garfield Ave and Edwards Movie Theater.; Expansive Space: 10,600 SF across two stories, with 5,300 SF per floor.; Versatile Use: Ground floor ideal for retail, second floor suitable for office, medical, or creative studio.