For Sale Commercial MLS# CV26223270

281 E Workman

Covina, CA 91723

$5,500,000

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About 281 E Workman

Century 21 Commercial, Citrus Realty is pleased to present, The Eastland Professional Building! A rare opportunity featuring 2 freestanding office buildings with 10,392SF+- each, totaling 20784SF+-. Located at 271 & 281 E. Workman Avenue in Covina. Situated on a huge lot of 1.1 acres (47,824)SF+- offering 71 parking spaces. The Building is located across the street from Eastland Shopping center offering excellent exposure from the shopping center. The property's proximity to the Eastland Shopping Center and surrounding area offers major convenience to Banks, retail, shopping and dining outlets like Target, Dick's Sporting Goods, Starbucks, IKEA, Sprouts Farmers Market, Fogo de Chao and many more. Currently generating $31,396+- in monthly income, this income-producing multi tenant commercial property offers low vacancy and investors an opportunity to acquire an established office asset. The building is located only 0.3 of a mile from the 10 freeway between the Barranca and Citrus offramps. The location offers potential appeal to a variety of professional office users and businesses seeking a presence in this well-established market. This is an opportunity to own a substantial commercial muti tenant office property with existing income, paid for Solar and long-term investment potential. Buyer to verify all property information, income, expenses, square footage, lot lines, zoning, and permitted uses to their satisfaction.

Property details

Property

Type
Office
MLS type
Commercial
Status
Active
Year built
1962
Stories
2
Living area
20,784 sqft
Price / sqft
$265
Lot
1.0979
Original price
$5,500,000
MLS #
CV26223270

Interior

Heating
Central
Cooling
Central Air

Exterior & lot

Features
Parking spaces: 71
Construction
Stucco
Fence
Block, Chain Link

Schools

District
Covina-Valley Unified School District

Utilities

Utilities
Public, Sewer Connected
Water
Public

Financial

Annual tax
$68,750
Parcel
8451010018
Special conditions
Standard

Location

Area
614 - Covina
County
Los Angeles
Directions
Cross Street is E/Citrus St and W/Barranca

Ask about this property

Questions on 281 E Workman, Covina, CA 91723, or want to see it in person?

Listed by Albert Rodriguez, CENTURY 21 CITRUS REALTY INC

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.