3051 Armour Ave

Investment Highlights

Executive Summary

Excellent location and flexible C-3 zoning! High visibility corner commercial building and adjacent parking lots in immediate vicinity of restaurants, lodging, retail businesses and gas stations off of E. Andy Devine Ave. C-3 zoning allows for a myriad of potential uses, and this property was previously operated as a restaurant. As such, a plethora of restaurant-related appliances and items convey with the sale of the real property. The adjacent parking lot is two separate parcels, APN's 311-03-033A & 311-03-033B, which are included in the new price. Don't need the extra 20 parking spaces?...develop the parking lot(s) into anything from single family residential to multi-family to commercial. And best for last, the seller is willing to carry.

• Sale Type    Investment or Owner User
• Sale Conditions    1031 Exchange 1031 Exchange Bulk/Portfolio Sale Lease Option 1031 Exchange
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    2,108
• Building Class    B
• Year Built    1945
• Price    375,000
• Price Per SF    178
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.13
• Land Acres    0.36 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Corner Lot