Unpriced Receivership Sale — Property To Be Sold To The Highest Qualified Bidder, Subject To Court Approval.
Kidder Mathews and Highland Partners Corp are
pleased to exclusively offer for sale 27565–27567 Sierra Hwy, Canyon Country (Santa Clarita Valley), CA 91351, a unique 2.37-acre infill redevelopment opportunity offered through a receivership sale, subject to Court approval. The property is offered without a published asking price and will be sold to the highest qualified bidder in accordance with the terms and procedures of the receivership sale.
The property is improved with an approximately 5,656-square-foot fire-damaged automotive repair building, approximately 1,533-square-foot existing car wash, and a billboard. The property's oversized parcel relative to the existing improvements provides multiple potential value-creation strategies, including reconstruction of the existing automotive facility, development of additional improvements on the excess land, lease repositioning, and broader redevelopment.
The automotive building has sustained significant fire damage and requires substantial reconstruction. A land to add additional buildings or improvements, subject to applicable zoning, parking, access, permitting, and governmental approvals. The existing car wash is subject to a long-term lease is currently in default and an eviction process is underway, providing an opportunity for a new owner to evaluate the tenancy and determine the optimal long-term strategy, subject to the existing lease, legal proceedings, and Court approval.
The existing billboard is leased at below-market rent through July 31, 2027, with no renewal options, providing a potential near-term opportunity to increase rental income upon expiration. The property is prominently located along Sierra Highway at a high-traffic intersection generating over 83,000 vehicles per day. The surrounding 2-mile trade area has a population exceeding 61,000 and average household income exceeding $129,000, providing strong visibility and access to an established and relatively affluent customer base.
The combination of substantial land, high traffic exposure, strong demographics, existing income producing components, and potential for additional development on the oversized land parcel makes this an attractive opportunity for investors, developers, owner-users, and automotive operators.
Prospective purchasers should independently investigate all aspects of the property, including physical and environmental conditions, title, leases, zoning, permitted uses, development potential, parking, access, and governmental requirements. Prospective purchasers should verify zoning and permissible uses directly with the City of Santa Clarita Planning Department and should not rely solely on information contained in this offering memorandum regarding zoning, permissible uses, or development
potential