16720 Lakewood Blvd - Retail FOR SALE


Bellflower, CA 90706
$2,395,000 USD
213-225-7223
16720 Lakewood Blvd, Bellflower, CA for Sale
$2,395,000 USD
Retail - FOR SALE
1/17
null | 5.07% Cap Rate

16720 Lakewood Blvd
Bellflower, CA 90706


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,395,000 USD

PRICE/SF

$1,089 USD /SF

CAP RATE

5.07%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20,314sf Land - Current Auto Use!

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

35

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,314 SF

ZONING

BFGG*

APN/PARCEL ID

7105-013-006,7105-013-007,7105-013-022

ASK ABOUT THIS PROPERTY

Casey LinsKidder MathewsMore Info
213-225-7223

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Casey LinsKidder MathewsMore Info
213-225-7223

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