Capitalize on this rare investment opportunity for a retail store property with high visibility and great signage exposure! Located in the prestigious “Mission Village” - a unique shopping and dining district of Old Mill neighborhood in San Marino. Strong performance in the local residential real estate market makes this property a value-added investment opportunity for small owner-users seeking a business operation or generation of rental income.
Constructed in 1945, this one-story retail property sits on a 2,853 square-foot lot. It features a storefront for general merchandise retail with C1* zoning and offers outstanding odds for continuing its current function as a retail store with endless potential. The lot measures 30 ft. by 95 ft. and comprises 428 square feet per profile for the indoor leasable area. With a covered outdoor space and concrete flooring backyard, it benefits from more usable outdoor area. The current tenant “Simply Fresh” is a lovely gift shop, operating for over 22 years, its lease contract will expire in November 2024.
The future owner will delight in this ideally-positioned retail store near significant venues such as the Huntington Library and Lacy Park, as well as award-winning schools and local amenities offering every living convenience. Many other retail stores dot the nearby area , like a variety of dining establishments (e.g., Julienne Fine Foods, San Marino Cafe & Marketplace, Apsara Coffee, and PIZZANISTA), fashion & lifestyle shopping retails (e.g., Single Stone Jewelry, Laykin et Cie, David Orgell Jewelry, Serafina Boutique, P.M. Jacoy Menswear, Heatherbloom, A Place To Bead, IN ITS TIME, Zero Degrees Celsiu, Johnny Was, and Huddleson) other essential services (e.g., Starr House The Salon, Mark Taylor Salon, Soak Nail Bar, The Cub House, Sun Cleaners, San Marino Music Center, Snap Fitness. Hemp Hill Farms, Area Rug Cleaning, Hollis Home and Garden), and some personal care services among others. The property also provides convenient access to the 110 and 210 freeways.