12908 Bailey St - Freestanding FOR SALE


Whittier, CA 90601- Uptown Whittier
$3,900,000 USD
310-431-5411
12908 Bailey St, Whittier, CA for Sale
$3,900,000 USD
Freestanding - FOR SALE
1/66
null | 5% Cap Rate

12908 Bailey St
Whittier, CA 90601
Uptown Whittier


OVERVIEW

This excellent owner-user retail opportunity is located in the heart of Historic Uptown Whittier's Core zone (U-CO). The 10,826 square foot commercial building sits on a prime corner lot with high visibility, positioned directly across from the Presbyterian Intercommunity Hospital office building at the intersection of Greenleaf & Bailey. This former Salvation Army store presents an excellent opportunity to transform a well-established retail space. Property Specifications: • Total Building Size: Approximately 10,826 SF • Lot Size: 20,996 SF (0.48 acres) • Parking: 22 spaces • Loading Area: 230 SF loading dock with steel roll-up door Zoning and Use Information (U-CO Zone): The property falls within the Uptown Core zone, which permits various commercial uses including: • Retail establishments • Medical/professional offices • Restaurants and food service establishments • Business services • E-Commerce Facility • Banquet Hall • Financial services Note: Some uses may require Conditional Use Permits (CUP) or Minor Conditional Use Permits (MCUP) The property presents a compelling renovation opportunity for this under-utilized freestanding commercial retail building. Its location in desirable "Uptown" Whittier, recognized as the heart of the community, offers tremendous potential for economic redevelopment. Along with owner-user component, the best possible is a repositioning to a mixed-used development. Per code, 6 stories are permitted, with expansion of existing parking lot to accommodate the multifamily parking requirements. Additionally, this asset has an exciting mixed-use development component. please see attached 2nd OM with details and cost analysis pro forma for a 30 unit development.

FOR SALE DETAILS

PRICE

$3,900,000 USD

PRICE/SF

$360 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,344 SF

ZONING

C2UD

APN/PARCEL ID

8139-014-017

ASK ABOUT THIS PROPERTY

Hythum KiswaniLyon Stahl Investment Real EstateMore Info
310-431-5411

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Hythum KiswaniLyon Stahl Investment Real EstateMore Info
310-431-5411

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.