16024 Pioneer Boulevard, Norwalk, CA 90650
Commercial property
Sold August 2023
Listing Agent: Anthony Cullors (DRE #01240905) · Listing Office: HomeSmart Realty West · Contact: 951-491-7800 · Bought with: Erica Moreno · Century 21 Allstars · MLS #SW23061541 · Source: CRMLS
About this commercial property
Quality Mixed Use Investment Opportunity - One 2700 sq. ft. Commercial Retail Building with 2 - 1350 sq. ft. units, a single-tenant Liquor Store, and single tenant Taco Fish Restaurant located in Norwalk, California. This property is currently leased to a local and experienced convenience store operator – "Cheap Liquor Store", but for the past 10 years run by the owner of "Cheap Liquor Store" and has been operating ever since and serves the local neighborhood and community. This is an excellent opportunity for an investor looking to add value and capitalize on the growing commercial market. If vacant could accommodate nearly most commercial/industrial uses. The subject has adequate frontage, good ingress, and egress, adequate coverage ratio, and adequate parking capabilities. The subject property is within the M-1, Light Manufacturing zone, allowing commercial uses, and has a consistent land use designation. Close to the Santa Ana Freeway (I-5) and San Gabriel River Freeway (I-605) intersect at its northern edge, while the Century Freeway (I-105) intersects with the I-605 at the city's western edge. The Artesia Freeway (91) passes east/west just south of the city boundary. This Commercial Building is also perfect for the OWNER-USER to operate his or her business in the street front store and collects monthly rent from the other Tenant in the same building. The landlord's responsibility is limited to only taxes, insurance, and roof maintenance, a hassle-free investment, while the tenant's responsibility for all other expenses offers a predictable source of rental income. Don't miss out on this opportunity to acquire a stable and profitable asset for your portfolio. PLEASE DO NOT DISTURB CURRENT TENANTS. DRIVE BY and CALL LISTING AGENT.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history