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Listed by Handoko Chen • Growth Investment Group Pasade
$ 1,880,000
Est. payment /mo
Active
Pomona, CA 91766
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR-25249726
Year Built 2007
Property Sub-Type Retail
Source California Regional Multiple Listing Service (CRMLS)
Property Description
100% Vacant Freestanding Commercial on a Hard-Corner, Superb Traffic Volume (25k VPD), Excellent Visibility on Garey Ave and Franklin Ave, Newer built in 2007, Large Lot with Ample Parking, Owner-user or Value-Add, Medical Uses are Allowed. 1700 S Garey Ave, a hard-corner single story retail investment in the heart of Pomona, CA. Strategically located on the corner of Garey Ave and Franklin Ave, this 100% vacant retail property presents a unique opportunity for an owner-user or value-add investor to acquire a newer built retail on a hard corner with excellent visibilities on 2 major streets in Pomona. The property was built in 2007 which translates to newer electrical, plumbing, HVAC, and sewer line (buyer to verify). It sits on a large ±20k SF lot providing ample parking. It has C-S (Commercial Service) zoning allowing a wide range of use for either retail sales or services (could be suitable for medical use – buyer to verify).
This 100% vacant freestanding retail building, constructed in 2007, offers 5,776 square feet of versatile space on an expansive ±20,000 square foot lot. Zoned CS (Commercial Service), it provides flexible zoning for a wide array of retail sales, service-oriented businesses, or potential adaptive uses such as a medical office, making it ideal for customization by an owner-user or investor. The property features an open layout with excellent visibility, display areas, and proximity to major freeways, ensuring seamless operations for high-traffic retail or service ventures. Currently vacant, it presents a blank canvas for immediate occupancy or repositioning, with a proven history as a retail showroom (formerly Warehouse Shoe Sale).
The previous tenant was Warehouse Shoe Sale store that recently moved out. The interior is in shell condition providing excellent flexibility for new owner-users or value-add investors to configure the space for their own specific use. Using the previous rental proforma of $12,500 per month NNN, this asset delivers an attractive 6% Proforma CAP Rate (buyer to verify), positioning it as a high-yield opportunity in a market where retail rents are stabilizing despite broader trends.
Ideal for owner-users seeking an adaptable space—potentially for medical offices or other professional services—or savvy investors aiming to capitalize on Pomona's upward trajectory, the property offers immediate value-add potential through leasing or redevelopment.
This 100% vacant freestanding retail building, constructed in 2007, offers 5,776 square feet of versatile space on an expansive ±20,000 square foot lot. Zoned CS (Commercial Service), it provides flexible zoning for a wide array of retail sales, service-oriented businesses, or potential adaptive uses such as a medical office, making it ideal for customization by an owner-user or investor. The property features an open layout with excellent visibility, display areas, and proximity to major freeways, ensuring seamless operations for high-traffic retail or service ventures. Currently vacant, it presents a blank canvas for immediate occupancy or repositioning, with a proven history as a retail showroom (formerly Warehouse Shoe Sale).
The previous tenant was Warehouse Shoe Sale store that recently moved out. The interior is in shell condition providing excellent flexibility for new owner-users or value-add investors to configure the space for their own specific use. Using the previous rental proforma of $12,500 per month NNN, this asset delivers an attractive 6% Proforma CAP Rate (buyer to verify), positioning it as a high-yield opportunity in a market where retail rents are stabilizing despite broader trends.
Ideal for owner-users seeking an adaptable space—potentially for medical offices or other professional services—or savvy investors aiming to capitalize on Pomona's upward trajectory, the property offers immediate value-add potential through leasing or redevelopment.
Location
State CA
County Los Angeles
Area 687 - Pomona
Zoning CS
Interior
Heating Central
Laundry None
Exterior
Utilities Available Sewer Connected, Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available
Building
Lot Description Landscaped, Level, Level with Street, Lot 10000-19999 Sqft, Near Public Transit, Park Nearby