Retail Business for Sale in Artesia, CA

  • Price: $3.2M
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Artesia, CA 90701
  • Size: 5,000 SF
  • Year built: 1984

Description

We are pleased to offer a 5-unit strip center on the signalized main and main intersection of Artesia Boulevard and Pioneer Blvd in Artesia, California. This property is approximately 5,000 Square feet, constructed in 1984, and situated on 15,500 square feet of land. There are 3-units, or 60% of the property, that’s currently vacant. This presents an opportunity for an owner-user to qualify for an SBA loan as an owner-occupied property. Alternatively, an investor can re-tenant the asset with a national tenant who is attracted to the high traffic counts and strong visibility. The location boasts an unparalleled combined traffic counts of over 50,000 vehicles per 2018 MPSA estimates. Being less than 500-feet from the 91 Freeway and 1-mile to the 605 Freeway, makes this location extremely commuter friendly. The immediate location is surrounded by National retailers including Chase Bank, Walgreens, Starbucks, Stater Bros and many more. Pioneer Boulevard is the main retail arterial through Artesia and the ingress and egress through the Pioneer and Artesia is convenient and easy. This quality asset and location does not come on the market very often and is a rare offering in today’s market. Building SF: 5000 | Land Size: 15536.0 SF | Year Built: 1984 | Listing Type: FOR SALE

Market Context

This retail in Artesia, CA is listed for sale at $3,250,000 across 5,000 SF ($650/SF). The building dates to 1984. It has been on the market for 25 days. Compare it against other retail listings for sale in Artesia, CA — <a href="/search/sale/retail/california/artesia">view the full market</a>.

Unified Estimate

Low Confidence

$552.50/SF – $747.50/SF

Mid: $650.00/SF

Total estimate for 5,000 SF: $3,250,000

Rate estimator only; cost-of-business estimate unavailable.

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