10010 Paramount Blvd - Bank FOR SALE


Downey, CA 90240
$4,399,999 USD
10010 Paramount Blvd, Downey, CA for Sale
$4,399,999 USD
Bank - FOR SALE
1/8
null | Request Cap Rate

10010 Paramount Blvd
Downey, CA 90240


HIGHLIGHTS

  • All property showings are by appointment only.
  • Please consult listing agents for more details.

OVERVIEW

The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present a versatile infill retail opportunity with owner-user or re-development potential in Downey, CA. Formerly a Bank of America, the 5,950 SF vacant stand-alone building is located near the heavily trafficked intersection of Paramount Blvd and Florence Ave, with over 70,000+ vehicles passing daily. The property features a two-lane drive-through and ample parking with 44 marked spaces on 1 acre of land. Zoning allows for a myriad of retail, restaurant and medical uses. Developers can reposition the building or develop to take advantage of an existing double drive-thru site plan with ample parking. Owner-user investors can take advantage of attractive SBA financing (10-15% down) with major tax benefits like depreciation and cost segregation studies. For more details, contact the listing agents. With over 682,542 people in a 5-mile radius and an average household income of $208,489, this infill location provides strong demographics for all potential uses.

FOR SALE DETAILS

PRICE

$4,399,999 USD

PRICE/SF

$739 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1969

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-2

APN/PARCEL ID

6361-021-046,6361-021-048

ASK ABOUT THIS PROPERTY

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