1723 Main St Alhambra, CA 91801-1827
- Retail space
- 10,600 SF
- 0.71 lot acres
Current Use by Public Records
- Amazon Hub Locker - Sofrito / Mailing Service / E-Commerce Service
- Launderland / Laundry
- 7-Eleven / Convenience Store
- Western Union / Money Transfer Service
- Redbox / Movie Rental Kiosk / Dvd Store
Property Details for 1723 Main St
- Year built
- 1976
- Construction
- TILT-UP CONCRETE
- Lot size
- 0.71 lot acres
- Property size
- 10,600 SF
- Zone code
- ALCPD*
- Property type
- Retail space
- APN
- 5339-021-040
- APU
- 5339021040
Description
This exceptional investment opportunity presents a vibrant retail plaza ideally situated in the West SGV submarket of Los Angeles County. The property, known as the 7-Eleven & Subway Plaza, comprises two single-story buildings totaling 10,600 square feet on a 0.71-acre lot (31,042 square feet). Built in 1976, the property boasts a prime location with high visibility and traffic volume, enhanced by its corner location and proximity to car dealerships and high-density residential areas. The zoning is ALCPD*. The property features 10,600 total square feet, divisible into units as small as 360 square feet, offering flexibility for various retail or restaurant concepts. Currently, there are two available spaces, with sizes ranging from 360 to 1,600 square feet. Units #1715-1717 are combined for a larger space. The presence of established tenants like 7-Eleven and Subway provides a built-in customer base and significant foot traffic. Unit #1705-B, adjacent to Subway, presents an ideal location for an ATM. The property's address is easily accessible via Marengo Ave and its APN is 5339-021-040. This is a rare opportunity to acquire a well-located, established retail center with strong potential for growth and return on investment.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,615,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,435,000
- 6.5%
- $5,425,000
- 7%
- $4,565,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,615,000
- Geo Method
- $4,860,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $5,810,000
- Retail
- $5,320,000
- Mixed-Use
- $4,560,000
- Hospitality
- $4,755,000
- Educational
- $5,995,000
- Residential Income
- $6,170,000
- Energy
- $4,510,000
- Income-Based Land
- $5,660,000
- Food Service
- $5,295,000
Location Insight
- Map
- Local Demand
- City
- Alhambra
- County
- Los Angeles
- State
- California
- Longitude
- -118.142
- Latitude
- 34.0919
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA