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843 W Arrow, Azusa, CA 91702
$2,375,000 Sale Pending
843 W Arrow, Azusa, CA 91702View this property at 843 W Arrow, Azusa, CA 91702
843 W ArrowAzusaCA91702
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Property Description
We are pleased to present a fast food restaurant property in Azusa, California situated on a large 35,000 square foot lot. The building is approximately 3,800 square feet and includes all of the operational fixtures and buildouts of a high-volume fast food restaurant, including a drive through, large commercial kitchen, expansive dine-in area and even a storage basement.
The zoning of the property is CAH - Corridor Arrow Highway, which is specific to the City of Azusa. This zoning allows for a wide range of both commercial land residential uses. Everything from a Medical Laboratory, to a fitness facility to catering services can be accommodated under the CAH zoning (buyer to verify). Additionally, mixed use projects and residential development is also encouraged; based on our preliminary estimates anywhere from 25 to over 30-units can potentially be built on this zoning with this lot size (buyer to verify).
As it stands, the property has 46 parking spaces, which equates to a 13-to-1 parking ratio. With that level of parking the possibilities for an investor or owner-user are tremendous. From an investment standpoint, assuming a proforma rent of $3.00/NNN this property can deliver a 5.75% cap rate. For a developer, $68/SF for land cost is a bargain in the San Gabriel valley. For an owner-user, at SBA rates still being offered at attractive rates and terms, this is a rare opportunity.
Full Property Details
Full Property Details for 843 W Arrow
General
- Price: $2,375,000
- Status: Pending
- Type: Retail
- MLS ID: GD23209465
- Updated: 2/23/2024
- Added to Site: 177 day(s) ago
Rooms
Other Rooms
- Laundry: None
Location
- County: Los Angeles
- Driving Directions: Located on W Arrow Highway near the corner of N Lark Ellen Ave.
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 1
- Building Size: 3800
- Square Feet: 3,800
- Year Built: 1970
Unit Information
- Occupancy Rate: Vacant
Lot Features
- Lot Size (Acres): 0.8072
- Useable Acres: .8072
- Lot Size (Sq. Ft.): 35,162
- Lot Size Source: Survey
- Lot Features: 0-1 Unit/Acre, Level with Street, Lot 20000-39999 Sqft
- Lot Description: 0-1 Unit/Acre, Level with Street, Lot 20000-39999 Sqft
Financial Considerations
- Price Per Sq. Ft.: $625
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Investment: Yes
- Property ID: 8619013047
Listed by Keller Williams R. E. Services, KrikorGarabedian and SharonRae
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Schools
Schools serving 843 W Arrow
School District:Covina-Valley Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
621 E Covina Blvd, Covina, CA 91722 | K-5 | 0.4 mi | |
777 E Puente St, Covina, CA 91723 | 6-8 | 1.6 mi | |
641 N Lark Ellen Ave, Covina, CA 91722 | 6-8 | 2.4 mi | |
1016 W Cypress St, Covina, CA 91722 | 9-12 | 2 mi | |
645 S Barranca St, West Covina, CA 91791 | 9-12 | 3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 843 W Arrow
Date
Details
Price
Change
Source
11/10/2023
Listed
$2,375,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 843 W Arrow
Year
Property Taxes
Change
Tax Assessment
Change
2023
$34,349
1%
$2,311,524
2%
2022
$33,916
10%
$2,266,201
2%
2021
$30,890
-5%
$2,221,767
1%
2020
$32,652
2%
$2,198,987
2%
2019
$32,101
5%
$2,155,871
2%
2018
$30,441
2%
$2,113,600
2%
2017
$29,991
8%
$2,072,158
2%
2016
$27,781
2%
$2,031,528
2%
2015
$27,316
7%
$2,001,013
2%
2014
$25,607
1%
$1,961,817
—
2013
$25,276
—
$1,952,952
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 843 W Arrow
843 W Arrow, Azusa, CA 91702 (MLS# GD23209465) is a Retail property. 843 W Arrow is currently listed for $2,375,000 and was received on November 10, 2023. Want to learn more about 843 W Arrow? Do you have questions about finding other Retail real estate for sale in Azusa? You can browse all Azusa real estate or contact a Coldwell Banker agent to request more information.