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$ 2,395,000
Est. payment /mo
Active
16720 Lakewood BLVD Bellflower, CA 90706
0.47 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26691839
HOA Y/N No
Year Built 1961
Lot Size 0.466 Acres
Property Description
We are pleased to present an estimated 20,314 SF commercial lot with 2,176 SF of improvements located in the City of Bellflower. The property is currently occupied by an auto sales with a soon-to-be expiring lease, allowing a new owner the ability to reposition the property. Located along the busy Lakewood Blvd and Flower corridor, the property is well- positioned for an owner-user/investor seeking significant street presence, or for a developer seeking a substantial site for a new development. The City of Bellflower has historically been accommodating to residential developers seeking either a market-rate or an affordable housing development. As a development opportunity, the corner lot allows a developer the ability for easy ingress/egress while building a high-density residential property. As a repositioning opportunity, the property's corner location with 30,000 VPD and being just 3 blocks from the 91 freeway, there's potential to attract a credit-rated tenant once the current lease expires. With its close proximity to the 91, 105, 605, and 710 freeways, the property is well-positioned for any type of investor to take advantage of continued appreciation for years to come. Any Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area Rg - Bellflower North Of 91 Frwy, S Of Alondra
Zoning BFCG*
Interior
Fireplace No
Exterior
Total Parking Spaces 35
Building
Lot Description Corner Lot, Near Public Transit, Rectangular Lot
Story 1
Others
Tax ID 7105013022
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
NEARBY SCHOOL & BUSINESS