Property For Sale Listing 154131
Commercial - Newhall, CA
Status as of Dec-2-2008 at 01:29 AM: Off The Market
Property Summary
This Property is ideal for a Builder/Developer/Investor or future Owner User. The Property is being offered For Sale for Land Value only, with the intent of the Buyer capitalizing on and taking advantage of the astounding Floor Area Ratio (FAR) and minimal to no onsite parking requirements being offered to the Developer from the City of Santa Clarita for a new development project. The Property is tenant occupied w/ 4 years remaining on lease which benefits the Developer by the Property producing a steady stream of income while the Developer applies for Project Entitlements. The plan for the revitalization of Downtown Newhall consists of 50 main blocks for Residential, Commercial and Office development and Civic Bldgs. Relaxed or no onsite parking requirements for Commercial Development uses. Potential Building size of up to 31,000+ sq ft on this 15,621 sq.ft. lot. 3 story bldg height potential with residential over commercial encouraged. 4th story penthouse may be permitted.
Categories
| Property Types: | |
|---|---|
| Location: | |
| Other: |
Location
| Classification: | United States // Pacific States // California // Other California |
|---|
Price
| Price Classification: | Between $1 Million and $2.5 Million |
|---|---|
| Asking Price: | $2,225,000 |
Property Type
| Classification: | Retail-Commercial Properties |
|---|---|
| Type: | Commercial |
