Alhambra Retail & Office
37 E Main St Alhambra, CA 91801
For Sale
Contact for pricing
Two-story property with retail and office space in Alhambra, CA.
Property Size10,600 SF
Price / SF$283.02
Days on Market1049
Property Features for 37 E Main St
General Information
Standard status
Active
Size
10,600 SF
Property subtype
Retail
Building Details
Year Built
1923
Listing Agency:
GE Property Development Inc.
(626) 458-9000
Listed By:
Raymond Ho · License #CA01868322
Source:
Crexi
Added: Sep 15, 2023
Changed: Jul 6
Last Checked: Jul 28 at 3:52PM
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.
Investment Insights
Based on property information with market context.
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.
Key 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.
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 | $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
NOI $234,521 @ 7.0% cap · market cap 7.82%
Second Best
Office B
$3.31M
$2.90M – $3.86M
NOI $231,708 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$5.68M
$4.97M – $6.62M
NOI $397,264 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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.
