Atlas is pleased to present 311 W Imperial Hwy, a prime 12,071 sq. ft. vacant lot offering a unique investment opportunity with attractive Seller Financing options. This arrangement enables developers or investors to acquire the property with minimal down payment and favorable debt service terms, supporting long-term development plans.
Zoned C2-1-CPIO, the property is versatile, permitting a range of commercial uses including multifamily (affordable housing), restaurants, retail shops, offices, and entertainment venues. Whether envisioned as-is for NNN, open storage or transforming it to realize a developer's vision, the possibilities are vast.
Additionally, the property is located within an Enterprise Zone, offering reduced parking requirements and enhanced Floor Area Ratio (FAR). It also benefits from a TOC Tier 3 designation, potentially allowing for a 70% increase in dwelling units and a 50% FAR boost, especially advantageous for affordable housing projects.
This is an exceptional opportunity with a low barrier to entry to capitalize on a strategically positioned lot in Los Angeles, ready to accommodate a wide array of development possibilities.