This property offering includes the improved building facing Main Street and one vacant lot approximately 6,500 sf behind the building for an incredible price. The partners have agreed to sell both parcels for $3,750,000. The main building is priced at $2.9M and the vacant lot is priced at $850,000. Located on the corner of Main Street and 6th in the vibrant downtown Old Town Newhall, this property is a rare site for the investor, owner user or developer. There is the potential to develop a mixed use retail and multifamily or a boutique hotel or retail shops in the most sought after Santa Clarita's Newhall Main Street corridor. The building size with APN 2831-014-013 according to the tax assessor is 7,040 and sits on a lot size of 11,987. The vacant lot with APN 2831-014-018 is 6,280 sf.
The rear portion is now leased on a short term basis giving the developer or user the advantage of income during the entitlement phase.
Partners are ready to move forward. at the revised price by separating the lot from the main building.