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Key Details
Sold Price $1,945,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID AR22125886
Sold Date 07/19/23
HOA Y/N No
Year Built 1932
Lot Size 0.272 Acres
Property Description
Prime Corner location! Commercial/retail building for sale, great potential for owner-user or an investor opportunity. It is situated at a highly visible and high-traffic corner lot on Garvey Ave. Currently vacant, zoned retail commercial, it can no longer be used as any auto related business according to the city of Rosemead. It would make a great development site or remodel the existing building for any quick service food restaurant, fast food pad, drive thru pad, central kitchen, with outdoor sitting and retail/office, etc. It was previously occupied by a Monterey Alignment shop with 60 years of reputable business. The building consists of 1,980 SF of garage space, along with a 3,132 SF storage warehouse, totaling 5,112 SF and sited on an 11,382 SF corner lot. Free standing building with great ingress/egress access from both sides of property to both streets. Property offers approximately 9 parking spaces in the front and abundant of parking spaces in the rear (roughly 18 parking spaces total). This freestanding commercial building is located on the busy corner of Garvey Ave and Lindy Ave. Positioned diagonally across from McDonald's for maximum exposure, and it's closely accessible from the 10 and 60 freeway. Massive development across the street.
Location
State CA
County Los Angeles
Area 651 - Rosemead/S. San Gabriel
Interior
Heating None
Fireplace No
Laundry None
Exterior
Fence Wire
Utilities Available Electricity Available, Water Available
Building
Lot Description Corner Lot, Near Public Transit
Water Public
Others
Tax ID 5285003001
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Amy Wang • Coldwell Banker George Realty