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716 Washington Blvd
0.88 Acres of Commercial Land Offered at £2,153,970 in Montebello, CA 90640
Investment Highlights
- Commercial Development Opportunity - Retail Strip Center, Fast Food, NNN Single Tenant, Self-Storage, or Industrial
- Price Per SF Land - $71
- Zoned - MNC2* | Within a Couple of Blocks of a Walmart Super Center
- Clean Phase 2 Report Completed in 2021
- Lot - 38,467 SF Land
- Traffic Counts of 43,000 Cars Per Day
Property Facts
1 Lot Available
Lot
| Price | £2,153,970 | Lot Size | 0.88 AC |
| Price Per AC | £2,439,153 |
| Price | £2,153,970 |
| Price Per AC | £2,439,153 |
| Lot Size | 0.88 AC |
Description
Floyd Shaheen of Marcus & Millichap is pleased to present 716 Washington Boulevard, a 38,467 square feet (0.88 Acres) one parcel site in the heart of the City of Montebello. The property is currently a vacant rectangular lot with 100 FT of frontage and 385 FT of depth on the major thoroughfare of Washington Boulevard. 716 Washington Boulevard is located just East of Garfield Avenue and is within a few blocks of a Walmart Supercenter. The property is zoned MNC2*, which allows for a wide range of development options that include retail/office/industrial uses. The city of Montebello has been a proponent of development within recent years and has approved several major retail/residential projects including the highly anticipated Top Golf location at the Montebello Golf Course. By right the property is a prime location for a fast food, restaurant, shopping center, drugstore, or single-tenant NNN site. There is also the potential for a medical office development, warehouse site with limited manufacturing uses, or self-storage site. This truly rare offering of raw land will be delivered vacant, making way for a seasoned commercial developer to transform this site into a highly profitable development. Ideally situated in the heart of a dense, infill trade area featuring over 187,207 residents and average household incomes exceeding $82,313 within a 3-mile radius and over 603,137 residents and average household incomes exceeding $79,785 within a 5-mile radius. Approximate daily traffic counts on Washington Boulevard exceed 43,000 cars a day. 716 Washington Boulevard is located within Minutes from the well-publicized Metro Heights development. Metro Heights, a master-planned community that will feature up to 1,200 residential units over 173 acres is being constructed by two of the nation’s leading home developers, Toll Brothers and Lennar. The increase in residential development within the city of Montebello has created an immediate demand for consumer driven retail growth. *Buyer to verify all zoning information with the City of Montebello
PROPERTY TAXES
| Parcel Number | 6352-028-012 | Improvements Assessment | £0 |
| Land Assessment | £1,805,926 | Total Assessment | £1,805,926 |
PROPERTY TAXES
zoning
| Zoning Code | CM |
| CM |
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Floyd Shaheen -
Floyd Group
Presented by
716 Washington Blvd
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