1035 Banning WayWalnut, CA 91789
- Retail properties
- 5,374 SF
Property Details for 1035 Banning Way
- Year built
- 1979
- Construction
- WOOD
- Lot size
- 0.46 AC
- Property size (Sq ft)
- 5,374 SF
- Zone code
- DBC3
- Property type
- Retail properties
- Property subtype
- Other retail properties
- APN
- 8763-007-029
- APU
- 8763007029
Description
This exceptional retail property at 1035 Banning Way, Walnut, CA, offers 5,374 square feet on a 0.46-acre lot. Boasting high visibility from the 60 Freeway, this property presents a unique investment opportunity. Currently housing a well-established full-service landscaping business with over 35 years of operation, the business is also available for separate purchase. The business enjoys an excellent reputation for custom landscape design and nursery services within the San Gabriel Valley community. Its success is built on a loyal customer base and a team of experienced employees, many of whom have been with the company for years. The current owner is committed to a smooth transition for a new buyer and is willing to provide extended training and support. This turnkey operation offers immediate income potential and the chance to build upon a legacy of success. The property's prime location and high visibility ensure continued growth and profitability. This is an ideal opportunity for an owner-operator seeking a well-established business with a strong foundation and a dedicated workforce. The sale price for the property is $2,300,000.
Valuation
by Realmo methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $2,226,722
- 6.5%
- $2,055,436
- 7%
- $1,908,619
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,589,365
- Geo Method
- $2,629,814
-
Alternative Use
- Use
- Valuation
- Residential
- $1,733,837
- Hospitality
- $1,588,185
- Educational
- $1,321,352
- Medical
- $1,366,795
- Retail
- $2,055,436
Location Insight
- City
- Diamond Bar
- County
- Los Angeles
- State
- California
- Latitude
- 33.9983
- Longitude
- -117.854
- 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
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