E. HUNTINGTON DRIVE Prime Huntington Drive Free Standing Retail 142-144 ARCADIA • CALIFORNIA
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E. HUNTINGTON DRIVE Prime Huntington Drive Free Standing Retail 142-144 ARCADIA • CALIFORNIA Exclusively Presented By: ROBERT LEVEEN LEE & ASSOCIATES-PASADENA, INC Senior Vice President 155 N. Lake Avenue, Suite 430 Pasadena CA 91101 213.995.6684 Corporate ID 02059558 lee-pasadena.com [email protected] FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 EXECUTIVE SUMMARY Lee & Associates is proud to present 142-144 E. Huntington Drive, a vacant free standing retail property. The offering is represents a value add opportunity for either an owner/user to acquire with SBA financing, or an investor to reposition and re-tenant the property. Constructed in 1946, 142 is comprised of ±1,730 square feet, and 144 is comprised of ±3,640 square feet. The property benefits from the Downtown Parking Overlay Zone which allows for non- conforming retail uses with the existing parking. Please check with the city of Arcadia for more information. PROPERTY ADDRESS 142-144 E. Huntington Drive, Arcadia CA 91006 Pime Huntington Drive Free Standing Retail LIST PRICE $1,850,000 • Ideal Owner/User Opportunity PRICE PER SF $344.51 • Located in Arcadia Central Business District & Dowtown Parking TOTAL BUILDING SIZE ±5,370 RSF Overlay Zone PARCEL SIZE ±6,521 SF • Bow Truss ceiling in 144 Huntington YEAR BUILT 1946 PARKING RATIO 0.56/1,000 • Prime Downtown Arcadia with 45 feet of frontage on Huntington Drive ZONING C2-H • 28,000 CPD on Huntington Drive APN 5773-014-026 FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 PROPERTY PHOTOS View from Huntington Drive West view on Huntington Drive East view on Huntington Drive South view on Huntington Drive FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 REGIONAL MAP LOCATION PROPERTY e. Huntington drive N PROPERTY N FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 PARCEL MAP FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 FLOOR PLAN | 142 E. HUNTINGTON DR. FLOOR PLAN | 144 E. HUNTINGTON DR. 14’ 28’ 63’ 53’ 89’ Permanent Wall Removable 19’ Permanent Wall 102’ Bathroom 123’ Removable 26’ Bathroom 9’ Not to Scale Loading Dock Door FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 AMENITIES AERIAL DEMOGRAPHICS 2018 Average Household Income Walk 2018 Total Households Score 1 Mile 3 Miles 5 Miles 1 Mile 3 Miles 5 Miles Walk Score 5,777 45,553 100,312 $120,563 $113,305 $105,972 84 2018 Total Population Traffic Counts Street Cross Street Distance Count Year Count 1 Mile 3 Miles 5 Miles Huntington Dr 2nd Ave 0.12 2018 27,959 Transit Score 16,250 127,669 294,081 Huntington Dr 5th Ave 0.28 2018 28,334 55 FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 LOCATION INFORMATION World Class Location • Arcadia is a city in Los Angeles County, California, located about 13 miles northeast of downtown Los Angeles in the San Gabriel Valley and at the base of the San Gabriel Mountains. • Boasting major venues including the Santa Anita Park racetrack and the 127 acre Los Angeles County Arboretum and Botanic Garden. • Arcadia is a high-end retail shopping destination home to Westfield Santa Anita; 1.3 million square foot super regional shopping mall. • In 2016, Arcadia was ranked the 5th most expensive housing market in the United States by Business Insider, with an average list of $1,748,680 for a four-bedroom home. • In 2012, Arcadia was ranked 7th in the nation on CNN Money magazine’s list of towns with highest median home costs. • Arcadia’s Upper Rancho neighborhood was ranked the 23rd richest neighborhood in Southern California by Business Insider in 2014; out ranking Orange County’s Newport Beach with a mean household income of $310,779. • In 2010, Bloomberg Business Week named Arcadia as one of the “Best Places to Raise Your Kids: 2010” for the second year in a row. • U.S. Route 66, passes through Arcadia, on Huntington Drive in Downtown Arcadia. • Top three employers in Arcaida are Nordstrom Inc. with 404 employees, Macy’s West with 367 employee and Worley Parsons Group, Inc. with 285 employees. FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 DOWNTOWN ARCADIA PROPERTY DOWNTOWN ARCADIA The Metro Gold Line light rail station in Downtown Arcadia provides a direct, high volume mass transit connection to and from Pasadena and Downtown Los Angeles with early morning and late night service 7 days a week. Three (3) free and convenient public parking lots are located in Downtown Arcadia with over 300 spaces for use by shoppers and visitors to the area. FOR SALE | 142 - 144 E. Huntington Drive, Arcadia, CA 91006 E. HUNTINGTON DRIVE EXCLUSIVELY LISTED BY ARCADIA • CALIFORNIA 142-144 ROBERT LEVEEN Senior Vice President 213.995.6684 [email protected] Lic. No. 01476685 Lee & Associates® — Pasadena, Inc. Office Market Group Pasadena Corporate ID# 02059558 A Member of the Lee & Associates® Group of Companies © 2019 Lee & Associates, Inc. The information contained in this document has been obtained 155 N. Lake Avenue, Suite 430 from sources believed reliable. While Lee & Associates, Inc. does not doubt its accuracy, Lee Pasadena, CA 91101 & Associates, Inc. has not verified it and makes no guarantee, warranty or representation 626.535.9888 [ main ] about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs..