518 S 1st AVE Arcadia, CA 91006
UPDATED:  
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2695000
/mo

-1Bed

-1Bath

7200SqFt

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Key Details

Property Type: Commercial

Sub Type: Retail

Listing Status: Active

Purchase Type: For Sale

Square Footage: 7,200 sqft

Price per Sqft: $374

Year Built: 1948

MLS Listing ID: P1-3158

Financing: None

HOA Y/N: No

Property Description

First time on the market in 50 years. Rare Owner/User building or investment opportunity. 3-unit retail property with two 1,200sf units occupied by a hair salon and acupuncture office and one corner 4,800sf (+200sf bonus warehouse) unit that is currently occupied by an art school that is month to month and can accommodate an owner/user upon close of escrow.High visibility, corner location at the intersection of 1st Avenue and Fano Street. Central Arcadia location, one block east of Santa Anita Avenue and north of Duarte Road. Convenient to the Westfield Santa Anita Regional Shopping Mall, Santa Anita Racetrack, and Restaurant Row along Huntington Drive. Zoned Mixed Use, suitable for a wide variety of retail and service uses. Please check with the City of Arcadia Zoning Department for all zoning matters, allowed uses and parking requirements.Future development potential with mixed-use zoning for a retail and residential project. Zoning permits 30 units/acre with a Floor to Area Ration of 1.0 and a maximum height of 40 feet. PLEASE DO NOT DISTURB TENANTS OR WALK ON PROPERTY WITHOUT LISTING BROKER. ALL VIEWINGS AND TOURS MUST BE ARRANGED THROUGH THE LISTING BROKER.

Location

State: CA

County: Other County

Area: 605 - Arcadia

Zoning: Mixed Use

Interior

Laundry: None

Heating: Central

Exterior

Fence: None

Roof Type: Composition

Building

Lot Description: Park Nearby,Paved

Dwelling Type: Retail

Story: 1

Water: Public

Others

Acceptable Financing: None

Special Sale: Standard

Lease Land: No

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