483-495 South Citrus Avenue

Price: $2,250,000

Property Description

This attractive shopping center is located on Azusa’s main retail thoroughfare Citrus Avenue on a heavily trafficked signalized corner (Gladstone Street & Citrus Avenue) in the heart of The San Gabriel Valley. The property benefits from its prime Los Angeles County infill real estate location.  Built in 1982, it is ideally situated at the signalized, hard corner intersection of Citrus Avenue and Gladstone Street (19,741 Vehicles Per day). The property benefits from excellent street visibility from both sides of the main thoroughfare.  Approximately 1/4 miles South of Interstate-210 Foothill Freeway.  The property has stable tenants but leases are all short term allowing an investor the flexibility to upgrade the tenants and the income.  This investment offers tremendous income upside potential by converting the month-to-month leases to longer term leases with rental increases and recapture of operating expenses.

Quick Summary

Property ID:
1483
Property status:
In Escrow
Location:
495 S Citrus Ave, Azusa, CA 91702, USA
Building Size:
±7,390 SF
Available Space:
None
Lot Size:
±16,075 SF

Map

Contact Agent

Greg Barsamian
Greg Barsamian has over 31 years of experience as an industrial and commercial broker in the Los Angeles County region. With over 100 million square feet in industrial and corporate office lease transactions.
818.334.1901
greg.barsamian@colliers.com