Growth Investment Group is proud to present 319 N San Marino Ave, a 1,375 square feet retail space in the highly desirable city of San Gabriel walking distance to San Marino. This property has been owned since 1968 and the existing tenant (Allstate) has been there for approximately 20 years. This property will be great for an owner user, investment property, or 1031 exchange buyer.
The property consists of 1,375 square feet building and 2,870 square feet of land. This 1 story building was built in 1952 and has been maintained well by the owner. The property is zoned SLC1*
Location, Access and Amenities
The property is located in an extremely affluent area with an Average Household Income within a 1-mile radius of $106,340. The property is also located in an amenity rich area including restaurants, shops, tea houses, and entertainment. According to San Gabriel Economic Development, “San Gabriel is the Chinese tourist preferred overnight destination because of its central location. The number one reason why Chinese visit is to shop. Things they buy include: Luxury jewelry, watches, clothing, shoes and cosmetics. On average, Chinese tourist spend $3,899 per trip in California.”