Exclusive Listings

Located On Major Thoroughfare In Downey

Address:
12159-61 Paramount Blvd
Downey, CA 90241
Price:
$2,315,000
Status:
Available
Type:
Retail
# Units:
Year Built:
1947
Building Size:
5,481
Lot Size:
14,870
CAP Rate:
n/a
GRM:
n/ax
Price/Unit:
n/a
Price/SqFt:
422

The Growth Investment Group is proud to offer 12159-61 Paramount Blvd, a retail commercial property in the highly sought-after city of Downey, California. This investment opportunity is ideal for an owner-user who wants a property with excellent street visibility, high traffic count and all the bells and whistles necessary to run a successful business. The property has been under the same ownership since 2006 and since then, is the first time being offered for sale. The asset is currently used as an owner-occupied food market/restaurant business. With only a short distance from Freeway 105, 5, 605 and 710 it is within excellent proximity to many inevitabilities. Perfectly situated on Paramount Boulevard and Alameda Street, in between Stewart and Gray Road and Imperial Highway, the property has excellent street visibility with an affluent traffic count of 28,217 CPD (cars per day).

The entire property has been completely remodeled with copper plumbing, new grease trap, security camera system throughout and much more. There are two (2) separate parcels that can be bought/sold together as additional options for the new owner. Nearby are many retailers such as: Starbucks, Walmart, Shakey’s, Benihana, Panera Bread, Best Buy, TJ Maxx, Bank of America, Subway, IHOP, Denny’s, Porto’s, Chick-fil-A, and more. The property has a very large lot of 14,870 Sq. Ft and its own private driveway leading to the rear of the property which holds twenty-two (22) parking spaces. The current Restaurant/Food Market business maintains a very large and loyal customer base since the inception in 2006. This investment opportunity is perfect for an investor looking to acquire an investment commercial property and maximize its income potential.



INVESTMENT HIGHLIGHTS

• Excellent street visibility on Paramount Blvd, high traffic count 28,217 CPD (cars per day)
• Ideal owner-operator-opportunity located in prestigious Downey location
• Transferrable existing alcohol beverage license
• Copper plumbing throughout the property, along with many other upgrades
• Two separate parcels that can be acquired/sold separately
• Well Established Food Market & Restaurant Business that can be sold together or separate
• Parking situated in the rear of the property: Approximately 23 open spaces
• Owned and operated by current owner since 2006, with large loyal customer base
• Superb location on Paramount Blvd and Alameda Street, in between Imperial Hwy and Stewart and Gray Road

 

PROPERTY HIGHLIGHTS


• The entire property has been completely re-piped with copper plumbing
• The entire property has been renovated, including new grease trap, roof, and tile floors
• Excellent street visibility and high traffic count of 28,217 Cars Per Day
• Great location on Paramount Blvd & Alameda Street
• Large building size of 5,481 Sq. Ft
• Very Large Lot Size of 14,870 Sq. Ft
• Easy access to FWY’s 105, 605, 710 & 5
• Good Parking Ratio: 22 Open Parking Spaces
• Two separate parcels that can be bought and/or sold separately
• Security camera system installed throughout the property
• Close to many large retailers such as: Starbucks, Walmart, Shakey’s, Benihana, Panera Bread, Best Buy, TJ Maxx, Bank of America, Subway, IHOP, Denny’s, Porto’s, Chick-fil-A, and more!

Marketing Files


Due Diligence


Broker Contact

Matthew Guerra
Direct: 626.898.9740
mguerra@growthinvestmentgroup.com


Office:
999 S. San Gabriel Blvd.
San Gabriel, CA 91776
Phone: 626.594.4901
Fax: 626.316.7552
Email: properties@GrowthInvestmentGroup.com
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