531 N 1St Ave Covina, CA 91723

Agent Remarks: We are pleased to exclusively present an owner-user opportunity to acquire 531 North 1st Ave, an industrial building in the city of Covina, California. The property is situated on the west side of North First Avenue, between East Front Street and East San Bernardino Road. The property is surrounded by four major freeways, Interstate 10, 210, 605 and California State Route 57, providing easy access to the major transportation corridors throughout the Southern California Region. The commercial building is also conveniently located half a mile away from the Metrolink Covina Station. Constructed in 2004, the property has approximately 4,476 square feet of building area and situated on a parcel of approximately 7,482 square feet. The property consists of two adjoining suites on the first floor with two bathrooms, and the second floor has two mezzanine spaces (studio apartment and office space). There are four surface parking spaces in front of the building, and two commercial truck loading docks by way of rear alley. Truck loading is on the west side with two commercial loading docks equipped with automatic roll-up doors that are 10 feet wide by 14 feet height each. The ceiling height of the garage is 18 feet to 20 feet. The building is serviced by 200 amp-120-280-volt power. One of the mezzanine spaces is a studio unit that features a kitchen and a full bathroom with a shower. The studio offers carpet flooring, and the kitchen and bathroom have been renovated with hardwood flooring and new cabinetry. The second mezzanine space features carpet flooring. The building has two electricity and gas meters and one water meter. The commercial building is zoned TCSP – F.A.I.R. that is in the Food Arts Industrial Residential Zone within Covina Town Center Specific Plan adopted in November 2019 with the objective of fostering revitalization and improve connectivity between Downtown Covina and the Metrolink Station, which is just half a mile away from the subject building. This plan calls for creative uses such as artist studios, galleries, live/work units, restaurants, small-scale craft breweries, creative office activities and research and technology uses. There are endless possibilities to utilize this commercial building to its fullest potential. 531 North First Avenue is a great opportunity for an owner-user to purchase newly renovated industrial property in the Covina Market.

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