Property profile

57 Wheeler Ave Arcadia, CA 91006

FOR LEASE
Turn key restaurants
Property ID
US09-1423232
7,706 SF 0.95 ac lot Built 1934
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This 13,600 square foot retail property in downtown Arcadia, California, offers multiple spaces available for lease, ranging from 1,285 to 3,263 contiguous square feet. Built in 2019, the property boasts 13 suites in total, with 11,401 square feet currently vacant. Located just one block from the Metro station, this mixed-use development enjoys a prime location near other shops and cafes, including existing tenants such as Tap Lounge, Tea Maru, and F45 Fitness. The property provides ample parking with 42 spaces available. This is an exceptional opportunity to establish a presence in a revitalized downtown Arcadia neighborhood, attracting a diverse clientele. The property's modern design and convenient location make it ideal for a variety of retail businesses, including restaurants, cafes, banks, and shops. The minimum leasable space is 1,285 square feet, while the maximum contiguous space available is 3,263 square feet. Los Angeles County location and 91006 zip code offer easy access to a large consumer base. This is a chance to be part of a thriving community and a successful mixed-use development.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1934
Total area 7,706 SF
Lot 0.95 ac (41,244 SF)
Zoning code ARC2H*
APN 5773-006-039
UPID US09-1423232

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Electric Vehicle Charging Station
  • Restaurant Cafe & Coffee Shop
  • Bank Loan Service
  • Gym & Fitness Center

Location

57 Wheeler Ave Arcadia, CA 91006
Arcadia metro Census 430801 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$560k

Owner & transaction history

since 2021
3 recorded transactions
2021
$39.2M
2020
Price N/A
2017
Price N/A

Zoning & alternative use

ARC2H* · Arcadia, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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