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8951 Valley BoulevardRosemead, California CA91770-1831

Listing IDWS19108273

8,363 SqFt

$6,980,000$400K

A rare find side by side double lots commercial property, located in one of the highest traffic counts signalized intersection in the heart of San Gabriel Valley. The sales price is for both lots. The property is extremely desirable for business owners, investors, and developers. Traffic signals on both Valley Blvd and Rosemead Blvd, the two arterial roads to connect surrounding cities, and freeway 10, 60, and 210. Overall daily traffic volume is 83,830 (2012 data). 8951-55 Valley Blvd has ±16,256 SF lot with a building of ±7,297 SF; 4017 Rosemead Blvd has ±7,089 SF lot with a building of ±1,066 SF. Two lots total are ± 23,345 sqft, frontage on Valley Blvd is ±130 feet, on Rosemead Blvd is ±180 feet. Zoned Central Business District, new building max. height can be 75 feet, ideal for various retail/office development. Currently has ± 8,363 sfqt retail space; 3 tenants in 8951-55 Valley Blvd -- 2 furniture stores and 1 crystal lighting store; 1 tenant in 4017 Rosemead Blvd -- a pets grooming store. All month to month tenancy, all tenants are renting in the far below market rates, pro forma could be $3/Month/SF. Demographics in 3 miles (median household income $57,131, college & up degrees 46%, white collar employment 59%). Located in Rosemead central commercial district, adjacent to Rosemead City Hall, library, and a community park; surrounding by banks, markets, restaurants, medical buildings, college, USPS, and many shops and services. Minutes away from Freeway 10 and 60.
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