The Subject Property consists of approximately 122,840 square fee (2.82 AC) of prime commercial real estate located in Arcadia, California, improved by a 100% leased retail building consisting of approximately 13,088 square foot of rentable building area that was built in 1976. Great visibility, large retail signage and ease of access from a well-trafficked commercial thoroughfare. The Subject Property is located on the southeast signalized corner of W. Colorado Blvd., and Michillinda Ave. There are 370' linear feet facing W. Colorado and 264" linear feet facing Michillinda Ave. and a southern boundary of 312' and 363' to the east, both contiguous to single family dwellings.
The property has approximately 80 surface parking spaces (6.11 space per 1,000 square feet), which can accommodate medical (5 per 1,000 code in Arcadia under 10,000 feet), a restaurant (5 per 1,000 in Arcadia) in current zoning.
