Corner Retail
505 S Atlantic Blvd Alhambra, CA 91801
505 S Atlantic Blvd, Alhambra, CA, 91801
$1,250,000
For Sale
$1,250,000
Signal-controlled corner center with three retail units plus garage/storage space suited for owner-users or investors.
Property Size2,800 SF
Price / SF$446.43
Days on Market49
Property Features for 505 S Atlantic Blvd
General Information
- Standard status
- Active
- Size
- 2,800 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1975
Listing agency
(626) 285-8899
Listed by
Connie Hsu
(626) 285-8899
Source
Elliman
Added: Jun 4 Updated: Jul 10 at 3:59PM Checked: Jul 21 at 6:02AM
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 Connie Hsu
Investment Insights
Based on property information with market context.
This property is a retail center offering three retail units along with a garage/storage space of approximately 2,800 square feet. It presents as a small, straightforward commercial setup designed to accommodate multiple tenants and additional storage/garage use within the same offering.
The center is located at a signal-controlled corner of two major thoroughfares, Atlantic Blvd and Mission Road, in the City of Alhambra. Public remarks cite daily traffic of more than 48,000 cars per day, which can be an important consideration for retail visibility and customer access. The seller has also completed environmental phase 1 and phase 2 reports.
For buyers, this configuration can fit both investment and owner-user strategies, given the mix of retail units and separate garage/storage space. The seller has indicated a right to proceed with a 1031 tax-deferred exchange with no cost to the buyer. Interested parties should review the unit mix and the garage/storage income projection during due diligence, along with the environmental reports, to confirm fit for their intended use.
The center is located at a signal-controlled corner of two major thoroughfares, Atlantic Blvd and Mission Road, in the City of Alhambra. Public remarks cite daily traffic of more than 48,000 cars per day, which can be an important consideration for retail visibility and customer access. The seller has also completed environmental phase 1 and phase 2 reports.
For buyers, this configuration can fit both investment and owner-user strategies, given the mix of retail units and separate garage/storage space. The seller has indicated a right to proceed with a 1031 tax-deferred exchange with no cost to the buyer. Interested parties should review the unit mix and the garage/storage income projection during due diligence, along with the environmental reports, to confirm fit for their intended use.
Key Highlights
- Signal‑controlled corner retail center on Atlantic Blvd and Mission Road in Alhambra
- Daily traffic of 48,000+ cars per day on the two major thoroughfares
- 3 retail units plus a garage/storage space suited for additional income potential
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.8k | $33.84 |
| − Vacancy | −$6.3k | −$2.23 |
| EGI | $88.5k | $31.61 |
| − OpEx | −$26.5k | −$9.48 |
| NOI | $61.9k | $22.12 |
2,800 SF · lease $33.84/SF/yr · vacancy 6.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$885.0K
$774.4K – $1.03M
NOI $61,949 @ 7.0% cap · market cap 4.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,938 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alhambra Fight Shop
(Bike/Boat/Book/etc) Store
MUAY THAI BOXING ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Signal-controlled corner center with three retail units plus garage/storage space suited for owner-users or investors.
Where is this strip mall located?
The property is located at 505 S Atlantic Blvd Alhambra, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Signal‑controlled corner retail center on Atlantic Blvd and Mission Road in Alhambra; Daily traffic of 48,000+ cars per day on the two major thoroughfares; 3 retail units plus a garage/storage space suited for additional income potential
