Alhambra, California, offers a unique opportunity for investors to capitalize on the city's diverse economy and growing population of approximately 80,000 residents. Retail properties in Alhambra are a good investment option, providing a stable source of income and potential for long-term appreciation. Retail properties can represent a variety of investments, including shopping centers, restaurants, and storefronts, catering to the city's diverse population and visitors. Alhambra's amenities, such as the Alhambra Hospital Medical Center, Almansor Park, and the Alhambra Golf Course, make it an attractive location for businesses and residents alike. The city's location, with easy access to major freeways and public transportation, adds to its appeal. Additionally, Alhambra is home to notable companies like The Hat and Shakey's Pizza, and its proximity to Downtown Los Angeles makes it an ideal location for businesses and travelers.
With 26 retail properties available for sale in Alhambra, investors have a range of options to choose from. The average price per square foot for retail properties in Alhambra is $530 USD, with an average size of 21,726 square feet. The largest retail property available is 60,457 square feet. Shopping centers in Alhambra offer a mix of local and national retailers, while restaurants cater to the city's diverse population. Office properties in Alhambra provide a range of options for businesses, from small startups to established companies. Hotels in the area cater to visitors and business travelers, taking advantage of the city's proximity to Downtown Los Angeles. Overall, Alhambra's retail properties offer a unique opportunity for investors to capitalize on the city's growing economy and diverse population.
What is the average cap rate for retail properties in Alhambra?
When it comes to retail properties in Alhambra, investors can expect an average cap rate of 4.97%. To better understand the significance of this rate, it's essential to know what is a cap rate, which is a crucial metric in commercial real estate investing, as explained in our article at what is a cap rate.
How do location and foot traffic affect retail property values?
When it comes to retail properties for sale in Alhambra, location and foot traffic play a significant role in determining property values. Properties situated in high-traffic areas, such as the Valley Boulevard corridor, which is a prominent Chinese business district, or the main business district at the intersection of Main and Garfield, tend to command higher prices due to their proximity to amenities, public transportation, and a large customer base, with an average price per square foot of $530 USD and an average size of 21,726 square feet.
