Retail Commercial Property For Sale
319 N San Marino Ave, San Gabriel, CA 91775

Property Details

Address
319 N San Marino Ave, San Gabriel, CA 91775
Price
$530,000
# of Units
1
Status
Available
Building Size
1,375
Price/Unit
$530,000
CAP Rate
5.14 (Market)
Year Built
1952
GRM
15 (Market)
Type
Retail
Lot Size
2,870
Price/SF
$385

Property Information

Investment Highlights

  • Superb demographics – area with Average Household Income within a 1-mile radius of $106,340
  • 100% occupied for last 20 years
  • Across the street from Washington Elementary School
  • Close proximity to restaurants, grocery stores, banks, post office, parks and public transportation
  • San Gabriel has sustainable real estate developments underway, along with major city-wide infrastructure improvements in process

 

Property Highlights

  • First time on the market since 1968
  • long time tenant of approximately 20 years
  • Superb visibility on San Marino Ave
  • Front and rear entrance with parking in back
  • Easy access to 210 FWY, 10 FWY, and 110 FWY

 

Executive Summary

Growth Investment Group is proud to present 319 N San Marino Ave, a 1,375 square feet retail space in the highly desirable city of San Gabriel walking distance to San Marino. This property has been owned since 1968 and the existing tenant (Allstate) has been there for approximately 20 years. This property will be great for an owner user, investment property, or 1031 exchange buyer.
The property consists of 1,375 square feet building and 2,870 square feet of land. This 1 story building was built in 1952 and has been maintained well by the owner. The property is zoned SLC1*

Location, Access and Amenities

The property is located in an extremely affluent area with an Average Household Income within a 1-mile radius of $106,340. The property is also located in an amenity rich area including restaurants, shops, tea houses, and entertainment. According to San Gabriel Economic Development, “San Gabriel is the Chinese tourist preferred overnight destination because of its central location. The number one reason why Chinese visit is to shop. Things they buy include: Luxury jewelry, watches, clothing, shoes and cosmetics. On average, Chinese tourist spend $3,899 per trip in California.”

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