Retail•Street Retail•For Sale

L-Shaped Freestanding Retail Building

3508 Firestone Blvd., South Gate, California 90280

Sale Price $750,000
Zoning SGCM
Bldg Type Multi-Tenant
Year Built 1927
Gross Bldg 4,660 SqFt
Land Area .18 Acres
KW Commercial is pleased to present this freestanding Vacant Retail Building within the heart of South Gate. The offering consist of a 4,660 SF (3,844 SF on title) L-Shaped building on 8,011 SF SG-CM zoned lot. The lot provides excellent frontage with approximately 80 feet along Firestone Blvd. which has great car traffic count totaling approximately 38,000 cars per day. The site provides on-site parking, in addition to plenty of street parking. This offering will attract an owner/user or an investor who is looking for a freestanding retail building in a densely populated neighborhood with a proforma 7.9% cap rate on 98% occupancy. This offering is located within the City of South Gate along the south side of Firestone Blvd., just one parcel east of the major signalized intersection at California Ave. & Firestone Blvd. It sits adjacent to a Jack in the Box Drive-Thru Restaurant and is located less than 0.2 miles from the South Gate City Hall & South Gate Police Department. Other retailers in the immediate area include Family Dollar, Taco Bell, Winchell's, Wienerschnitzel, Alberto's, El Super, just to name a few. Schools located within 1/2 of a mile include Odyssey Continuation High School, Independence Elementary School, South Gate High School, Valiente College Preparatory Charter School, San Gabriel Avenue Elementary School and South Gate Middle School. The property is situated within a densely populated area with over 60,000 people residing within a 1-mile radius and over 450,000 people residing within a 3-mile radius.
  • • APPROXIMATELY 4,660 SF RETAIL BUILDING ON JUST OVER 8,000 SF LOT IN THE HEART OF SOUTH GATE.
  • • GREAT OPPORTUNITY FOR AN OWNER/USER OR AN INVESTOR WITH TENANT(S) IN MIND; WITH A PROFORMA CAP RATE OF 7.9% ON 98% OCCUPANCY!!!
  • • LOCATED LESS THAN 0.2 MILES FROM SOUTH GATE CITY HALL.
  • • ADJACENT TO A JACK IN THE BOX DRIVE-THRU RESTAURANT & ONE PARCEL EAST OF THE MAJOR SIGNALIZED INTERSECTION OF CALIFORNIA AVE & FIRESTONE BLVD.
  • • GREAT CAR TRAFFIC COUNTS; APPROX. 38,000 CARS PER DAY.
  • • EXCELLENT DEMOGRAPHICS: OVER 60,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & OVER 450,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.
3/6/2020 9:40:39 PM 5/22/2020 12:07:15 AM
David Yashar
Director
L.A. Westside
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