Value-Add Mix-used Property Next to City Hall

For Sale

17 S 1st St, Alhambra, CA 91801

This Alhambra property for sale is located at 17 S 1st St. The current listed sale price for Value-Add Mix-used Property Next to City Hall is $5,500,000. Value-Add Mix-used Property Next to City Hall is situated on a lot that is 0.18 acre in size.

Contacts

broker

Leo Gao,CCIM

Hebron Equities

Property Details

  • Property Type Retail - Street Retail
  • Property Size 11,920 SF
  • Units 1
  • Lot Size 0.18 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1929
  • Year Renovated 2022
  • Date Updated Oct 18, 2024
The property is conveniently situated within walking distance of city hall, the police department, a parking structure, the Post Office, a high school, churches, and popular restaurants such as Gen Korean BBQ, Boiling Crab, and Starbucks. Discover the vibrant and bustling neighborhood surrounding this prime mixed-use property in Alhambra, CA. Located in the heart of the city, the area offers a dynamic mix of diverse retail options, popular dining establishments, and a rich cultural scene. Nearby attractions such as the Alhambra Place Shopping Center, Main Street Alhambra, and the historic Mission District draw a steady flow of foot traffic and provide ample opportunities for retail and street retail investment. With a strong sense of community and a growing consumer base, the location presents an exciting prospect for purchasers looking to capitalize on the thriving local market.This property presents a great opportunity for both owner occupancy or investment, located in a prime area of Alhambra. The current tenant has been operating a dancing club with 47 liquor licenses for many years. Prospective buyers have the option to either occupy the property themselves or seek a new tenant who can make more effective use of the space and pay a higher rent. The property is conveniently situated within walking distance of city hall, the police department, a parking structure, the Post Office, a high school, churches, and popular restaurants such as Gen Korean BBQ, Boiling Crab, and Starbucks.

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Highlights

  • Prime Location within walking distance to city hall, police department, parking structure, and restaurants
  • Buyers can either occupy the property themselves or find a new tenant who will utilize it more effectively and pay a higher rent
  • 7.6% Proforma Cap based on $2.25 NNN market rent.
  • Nice and private patio seatings
  • Ample Parking
  • High-ceilinged lobby leading to a spacious ballroom
  • A fully equipped commercial kitchen
  • A dancing club with 47 liquor licenses may be for sale

Getting around

  • 95/100

    Walk Score ®

  • 51/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Alhambra, CA
  • Neighborhood Alhambra
  • Zip Code 91801
  • Market Los Angeles

Points of Interest

  • Indiana

    5.54 miles

  • Soto Station

    5.87 miles

  • Montebello/Commerce

    6.02 miles

  • Mariachi Plaza Metro Station Entrance

    6.15 miles

  • Chinatown Station

    6.53 miles

  • Chinatown

    6.54 miles

  • Los Angeles Union Station

    6.65 miles

  • Union Station

    6.68 miles

  • Civic Center/Grand Park

    7.24 miles

  • Civic Center/Grand Park Station

    7.26 miles

  • United Oil

    0.50 miles

  • 76

    0.63 miles

  • Shell

    1.12 miles

  • Costco Gasoline

    1.28 miles

  • Mobil

    1.42 miles

  • Arco

    1.71 miles

  • Tesla Supercharger

    6.19 miles

  • eVgo

    8.93 miles

  • Mission District Park-and-Ride

    1.08 miles

  • San Gabriel Mission High School Parking

    1.20 miles

  • Hospital Employee Parking

    1.29 miles

  • Park-n-Ride

    1.97 miles

  • West Lot

    2.61 miles

  • Garland Parking Lot

    2.66 miles

  • Tournament Park parking lot

    2.67 miles

  • Student Pick-up and Drop-off

    2.71 miles

  • Visitor Parking

    2.75 miles

  • Lot 6

    2.76 miles

  • Gen Korean BBQ

    0.04 miles

  • Cuban Bistro

    0.06 miles

  • Pepper Lunch

    0.07 miles

  • Borneo Kalimantan

    0.07 miles

  • Road to Seoul BBQ

    0.09 miles

  • Big Catch Seafood House

    0.10 miles

  • All That Shabu

    0.10 miles

  • Thai Purple

    0.11 miles

  • Applebee's

    0.12 miles

  • Grill 'Em All

    0.13 miles

  • Burlington

    0.16 miles

  • Sprouts Farmers Market

    0.17 miles

  • Smart & Final Extra!

    0.59 miles

  • Ralphs

    0.88 miles

  • ALDI

    1.03 miles

  • Target

    1.14 miles

  • Asia Supermarket

    1.18 miles

  • Strip Mall

    1.21 miles

  • Big Lots

    1.27 miles

  • Mitsuwa Marketplace

    1.34 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Leo Gao,CCIM

Hebron Equities