2516-2524 W. Beverly blvd - Retail FOR SALE


Montebello, CA 90640
$3,350,000 USD
415-378-5464
2516-2524 W. Beverly blvd, Montebello, CA for Sale
$3,350,000 USD
Retail - FOR SALE
1/22
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2516-2524 W. Beverly blvd
Montebello, CA 90640


HIGHLIGHTS

  • +/-22,420 SF Commercial Lot – Large parcel offering ample space for development or reconfiguration.
  • Medical Office Potential – With large parking lot and 24 striped spaces, property is well-suited for medical office and urgent care.
  • Vacant Delivery Available – Property can be delivered vacant, allowing for immediate redevelopment or owner-use.
  • Includes a +/-3,225 SF multi-tenant retail building and a second +/-6,750 SF building combining warehouse, office, and retail space.
  • 2040 General Plan Corridor Designation – Allows 1-4 story buildings, 40-60 units per acre, and 0.3-2.0 FAR (buyer to verify).
  • Nearby national retailers include Top Golf, Albertsons, CVS, Best Buy, LA Fitness, Marshalls, Starbucks, and more.

OVERVIEW

Maher Commercial Realty is proud to present a unique, versatile investment at 2516-2524 W Beverly Blvd, Montebello, CA. Spanning an impressive +/-22,420 SF lot, this prime commercial property sits at the signalized intersection of W Beverly Blvd and N Hay Street, offering three-way access, high visibility, over 250 feet of frontage, high visibility, and 24 striped parking spaces. The site includes two structures: a +/-3,225 SF multi-tenant retail building (fully leased month-to-month) and a second +/-6,750 SF building with warehouse, office, and retail components, including a loading dock and mezzanine. The property can be delivered fully vacant, making it ideal for an owner-user or developer. With its flexible C2 zoning, subject property has potential for a variety of uses, including medical office, retail, mixed-use, office, and multifamily. Build up to 128 units as an 100% affordable housing project, or potentially more by applying the Density Bonus Law, using the site’s Corridor designation. Once implemented, the Montebello 2040 General Plan will allow 1- to 4-story buildings, 40–60 units per acre, and FARs of up to 2.0 (buyer to verify). Permitted uses in C2 zoning include medical office, professional and general office, and retail, as well as service stations and automobile sales yards subject to conditional use permits. The property is ideally located at the high-traffic, signalized intersection of W Beverly Boulevard and N Hay Street in Montebello, one of Los Angeles County’s most densely populated cities. Positioned along Montebello’s primary commercial corridor, W Beverly Boulevard sees over 33,600 vehicles per day, offering excellent visibility and exposure for any future use. The surrounding area is home to a diverse mix of national retailers, including Top Golf, Albertsons, Best Buy, Ross Dress for Less, CVS, Smart & Final, LA Fitness, Vons, Marshalls, Super A Foods, McDonald’s, Starbucks and Weinerschnitzel, drawing consistent consumer traffic. With over 96,000 residents within a one-mile radius and more than 567,000 within three miles, the property is situated in a thriving trade area that supports a wide range of commercial, residential, and mixed-use developments. Additionally, the site offers convenient access to major Southern California freeways, including the I-5, I-405, and I-710, making it easily accessible from across the region.

FOR SALE DETAILS

PRICE

$3,350,000 USD

PRICE/SF

$336 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Office, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,420 SF

ZONING

C-2

APN/PARCEL ID

5268-024-015,5268-024-016

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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