Downey, California, offers a unique opportunity for investors to tap into the retail market with its diverse range of Retail Properties For Sale. With a rich history dating back to the 18th century, Downey has evolved into a suburban city with a strong aerospace legacy, making it an attractive location for businesses and residents alike. Retail Properties in Downey represent a solid investment opportunity, providing a chance to capitalize on the city's growing economy and population of approximately 120,000 residents. These properties can take various forms, such as strip centers, shopping malls, or standalone stores, catering to the needs of the local community. Downey's strategic location, with easy access to major freeways like I-105, I-5, I-605, and I-710, makes it an ideal spot for retailers seeking to reach a broader customer base. The city's amenities, including the Whittier Health Center, Downey Post Office, and Downey City Library, further enhance its appeal. Additionally, Downey's strong educational institutions, such as Downey Unified School District and private schools like Calvary Chapel Christian School, contribute to a well-educated workforce and a stable community.
Downey's Retail Properties For Sale offer a unique chance to invest in a city with a strong economic foundation. With 15 available listings, investors can choose from a range of options to suit their needs. The average price per square foot for Retail Properties in Downey is $519 USD, with an average size of 10,844 square feet. The largest property available spans 48,440 square feet, providing ample space for retailers. Shopping Centers, Restaurants, Office Properties, and Hotels are also available in Downey, offering a diverse range of investment opportunities. Shopping Centers, like the ones found along Florence Avenue, provide a hub for local commerce, while Restaurants, such as those in the Gallatin neighborhood, cater to the city's diverse culinary tastes. Office Properties, like those near the Downey City Hall, offer a professional environment, and Hotels, such as those near the Columbia Memorial Space Center, provide accommodations for visitors. With an average cap rate of 4.8%, Retail Properties in Downey present a compelling investment opportunity.
What is the average cap rate for retail properties in Downey?
When it comes to retail properties in Downey, investors can expect an average cap rate of 4.8%, which is a key metric to consider when evaluating potential investments. To learn more about how cap rates work and their significance in commercial real estate, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Downey, California, the location and foot traffic of retail properties significantly impact their values. For instance, properties situated near major transportation facilities like I-105, I-5, I-605, and I-710 freeways, as well as the Metro C Line with the Lakewood Boulevard station, tend to have higher values due to increased accessibility and visibility, attracting more customers and businesses.
