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2022 E Route 66
$1,388,888 Sale
Listed 34 days ago
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· 10
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Key Facts
Key facts for 2022 E Route 66
Property Type
Other
Parking
10 parking
MLS #
25565579
Size
-
Basement
-
Listed on
-
Lot size
-
Tax
-
Days on Market
-
Year Built
1945
Maintenance Fee
$ 0/mo
Description
CBRE, Inc. is pleased to exclusively present 2010-2022 E Route 66 in Glendora, CA a unique multifamily mixed-use investment or development opportunity located in the "Pride of the Foothills." This 0.79-acre offering, across two parcels, includes five residential rental units across three single-sto...ry buildings totaling 4,317 square feet, along with two large lots totaling approximately 16,500 square feet. These lots are suitable for either commercial or residential use and offer approximately 230 feet of frontage along Historic Route 66, one of Glendora's most active and visible commercial corridors, with a daily traffic count of 36,842 vehicles at Route 66 and Lone Hill Avenue. Constructed in 1945 and 1954, the existing improvements provide stable income from the residential units, with potential interim income from the land. The property will be delivered with income in place, making it well-suited for investors seeking immediate cash flow with significant long-term redevelopment potential. Zoned within the Route 66 Specific Plan TCO (Technology, Commerce, Office) subdistrict, the site supports a wide variety of commercial uses and allows for residential development at a density of up to 30 dwelling units per acre. The location offers excellent regional accessibility via nearby I-210 and SR-57 and is situated within the highly regarded Glendora Unified School District, which includes Sutherland Elementary, Goddard Middle School, and Glendora High School all recognized for academic excellence. Offering a rare combination of income and land, 2010-2022 E Route 66 presents a compelling opportunity to acquire a low-coverage, infill asset in a tightly held corridor. Whether pursued as a long-term hold, redevelopment play, or 1031 exchange, this property offers exceptional flexibility and long-term upside., Directions:On the south side of Historic Route 66, east of Lone Hill Ave and west of Amelia Ave.
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Listing courtesy of: CBRE