140 E Foothill Blvd, Arcadia, CA 91006

Property Description

Rare opportunity to purchase a well located commercial building suitable for office or retail use with ample onsite parking. Corner location with high visibility to eastbound Foothill Blvd. traffic. Easy freeway access. Perfect for either an owner user or an investor. Property can be delivered vacant at the close of escrow. Currently occupied by one tenant month to month. An owner user can finance up to 90% of purchase price through the SBA 504 program which now offers historically low interest rates. Under the SBA guidelines an owner user could lease up to 49% of the space to a tenant to generate income which would reduce ownership cost. Occupancy cost for owner user with 90% financing compares favorably to rental occupancy cost in the area for similar buildings. This is a great opportunity for an owner user to build equity for retirement and fix their occupancy cost (no more rental increases).An investor can either rent the property as is to one tenant or demise into two spaces. If the property is demised for two occupants each space would have their own street and parking lot entrances and their own bathroom. There are two electrical meters and plenty of facade space for two signs.