$ 4,800,000
970 S Village Oaks DR Covina, CA 91724
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$ 4,800,000
Est. payment | /mo
1.39 Acres Lot
$ 4,800,000
Est. payment | /mo
1.39 Acres Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CV24042929
HOA Y/N No
Year Built 1981
Lot Size 1.394 Acres
Property Description
For Sale: Premier 2-Story Commercial Office Building at 970 S Village Oaks Dr, Covina, CA 91724
Nestled in the vibrant heart of Covina, California, this distinguished 2-story commercial office building presents a unique opportunity for both savvy investors and businesses looking for owner-use space. Ideally situated at 970 S Village Oaks Drive, this property boasts a strategic location, exceptional amenities, and versatile use options, making it a standout offering in the market.
Key Features:
Medical/Dental Use Permitted: Operate within the thriving medical and dental sectors with ease, thanks to compliance with approved city guidelines for medical and dental use. This feature opens the door to a wide range of professional services and practices seeking a prime location.
Owner Use or Investment Opportunity: Whether you're looking to establish your own business premises or diversify your investment portfolio, this property offers the flexibility to accommodate your needs. With a 5% cap rate and a history of low vacancy, investors can look forward to a steady income stream, while owner-users will find ample space for their operations.
Ample Parking: The property includes a generous allocation of 70 parking spaces, ensuring easy access for employees, clients, and visitors alike. This significant amenity enhances the property's appeal and functionality.
Prime Location and Accessibility: Located in close proximity to the 10 freeway, this property offers excellent visibility and convenient access for both local and visiting clientele. The close proximity to a nature park further enriches the location, providing a serene backdrop and recreational options for employees and visitors.
Recently Upgraded: The building features new stucco and renovated offices, presenting a modern and professional aesthetic. These recent upgrades contribute to the property's turnkey appeal, requiring minimal additional investment prior to occupation.
Opportunity Awaits: 970 S Village Oaks Drive represents a rare blend of location, versatility, and potential. Whether you're aiming to expand your investment portfolio or establish a base for your business, this property offers a foundation for success. Don't miss out on the chance to own a piece of Covina's commercial landscape. Contact us today to schedule a tour and take the first step towards your next venture.
Nestled in the vibrant heart of Covina, California, this distinguished 2-story commercial office building presents a unique opportunity for both savvy investors and businesses looking for owner-use space. Ideally situated at 970 S Village Oaks Drive, this property boasts a strategic location, exceptional amenities, and versatile use options, making it a standout offering in the market.
Key Features:
Medical/Dental Use Permitted: Operate within the thriving medical and dental sectors with ease, thanks to compliance with approved city guidelines for medical and dental use. This feature opens the door to a wide range of professional services and practices seeking a prime location.
Owner Use or Investment Opportunity: Whether you're looking to establish your own business premises or diversify your investment portfolio, this property offers the flexibility to accommodate your needs. With a 5% cap rate and a history of low vacancy, investors can look forward to a steady income stream, while owner-users will find ample space for their operations.
Ample Parking: The property includes a generous allocation of 70 parking spaces, ensuring easy access for employees, clients, and visitors alike. This significant amenity enhances the property's appeal and functionality.
Prime Location and Accessibility: Located in close proximity to the 10 freeway, this property offers excellent visibility and convenient access for both local and visiting clientele. The close proximity to a nature park further enriches the location, providing a serene backdrop and recreational options for employees and visitors.
Recently Upgraded: The building features new stucco and renovated offices, presenting a modern and professional aesthetic. These recent upgrades contribute to the property's turnkey appeal, requiring minimal additional investment prior to occupation.
Opportunity Awaits: 970 S Village Oaks Drive represents a rare blend of location, versatility, and potential. Whether you're aiming to expand your investment portfolio or establish a base for your business, this property offers a foundation for success. Don't miss out on the chance to own a piece of Covina's commercial landscape. Contact us today to schedule a tour and take the first step towards your next venture.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVA1PCD*
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Building
Lot Description 21-25 Units/Acre
Story 2
Water Public
Others
Tax ID 8447031050
Special Listing Condition Standard
Listed by Krisante Gunewardena • RE/MAX TOP PRODUCERS • 909-938-4767
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Phillip Nunez
REALTOR® | Lic# 01421807