|Price/Rent PSF||$ 750,000.00|
The property is located at the NEC of Montgomery & San Pedro. This signalized hard corner features a large monument sign on the corner and 3 access points. The intersection showcases 47,000 cars per day and is surrounded by retail activity and residential homes. The Far Northeast submarket has shown strong retail activity over the last few quarters and represents a low 11% retail vacancy.
6201 Montgomery is a fee simple hard corner retail pad located in the Far NE Heights submarket. Opportunities like this do not come available very often. Operated for decades as a tire shop, this high traffic intersection featuring over 47,000 cars per day can now be redeveloped for a retail use. Property can also be sold as a second generation industrial building consisting of 5,500 SF and 5 drive-in bay doors.