$4,000,000
$5,100,000
21.6%For more information regarding the value of a property, please contact us for a free consultation.
970 S Village Oaks DR Covina, CA 91724
1.39 Acres Lot
Key Details
Sold Price $4,000,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24235941
Sold Date 11/15/24
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.
Location
State CA
County Los Angeles
Area 614 - Covina
Zoning CVA1PCD*
Interior
Fireplace No
Laundry None
Building
Lot Description Lot Over 40000 Sqft, Landscaped
Story 2
Water Public
Others
Tax ID 8447031050
Acceptable Financing Submit
Listing Terms Submit
Financing Other
Special Listing Condition Standard
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Meir Frydman • KW Advisors