Property Detail

Description

100% Vacant Freestanding Commercial on a Hard-Corner, Superb Traffic Volume (25k VPD), Excellent Visibility on Garey Ave and Franklin Ave, Newer built in 2007, Large Lot with Ample Parking, Owner-user or Value-Add, Medical Uses are Allowed. 1700 S Garey Ave, a hard-corner single story retail investment in the heart of Pomona, CA. Strategically located on the corner of Garey Ave and Franklin Ave, this 100% vacant retail property presents a unique opportunity for an owner-user or value-add investor to acquire a newer built retail on a hard corner with excellent visibilities on 2 major streets in Pomona. The property was built in 2007 which translates to newer electrical, plumbing, HVAC, and sewer line (buyer to verify). It sits on a large ±20k SF lot providing ample parking. It has C-S (Commercial Service) zoning allowing a wide range of use for either retail sales or services (could be suitable for medical use – buyer to verify). This 100% vacant freestanding retail building, constructed in 2007, offers 5,776 square feet of versatile space on an expansive ±20,000 square foot lot. Zoned CS (Commercial Service), it provides flexible zoning for a wide array of retail sales, service-oriented businesses, or potential adaptive uses such as a medical office, making it ideal for customization by an owner-user or investor. The property features an open layout with excellent visibility, display areas, and proximity to major freeways, ensuring seamless operations for high-traffic retail or service ventures. Currently vacant, it presents a blank canvas for immediate occupancy or repositioning, with a proven history as a retail showroom (formerly Warehouse Shoe Sale). The previous tenant was Warehouse Shoe Sale store that recently moved out. The interior is in shell condition providing excellent flexibility for new owner-users or value-add investors to configure the space for their own specific use. Using the previous rental proforma of $12,500 per month NNN, this asset delivers an attractive 6% Proforma CAP Rate (buyer to verify), positioning it as a high-yield opportunity in a market where retail rents are stabilizing despite broader trends. Ideal for owner-users seeking an adaptable space—potentially for medical offices or other professional services—or savvy investors aiming to capitalize on Pomona's upward trajectory, the property offers immediate value-add potential through leasing or redevelopment.