6901 Walker St - Restaurant FOR SALE


La Palma, CA 90623
$10,995,000 USD
310-525-0872
6901 Walker St, La Palma, CA for Sale
$10,995,000 USD
Restaurant - FOR SALE
1/21
null | Request Cap Rate

6901 Walker St
La Palma, CA 90623


HIGHLIGHTS

  • Redevelopment Site
  • 1.67 Acres
  • 102 Parking Spaces
  • B1 Zoning with Freeway Overlay
  • Currently Fully Built Restaurant - Month to Month Tenant

OVERVIEW

This freestanding commercial property offers a prime opportunity for redevelopment into a mixed-use residential community. The B-1 zoning allows for a combination of residential, office, and commercial uses, aligning with the city's vision for high-quality, high-density housing that caters to diverse income levels. It can also be utilized as it is currently - a fully built-out restaurant. Tenant is month to month and, per the Seller, the property can be delivered 100% vacant. The B-1 Mixed-Use Business zoning district is designed to promote the development of high-quality, high-density housing that is affordable to households of all income ranges. This zoning flexibility allows for innovative land design and diversification, making it ideal for a mixed-use development comprising residential units, retail spaces, and possibly office components. Given the property's substantial lot size and strategic location, a redevelopment project could significantly contribute to the city's housing goals while providing modern amenities to the community. It can also be utilized as it is currently - a fully built-out restaurant. Tenant is month to month and, per the Seller, the property can be delivered 100% vacant. Lot Size: Approximately 1.67 acres Building Size: 9,700 SF (Single-story, built in 2004) Zoning: B-1 (Mixed-Use Business) with Freeway Overlay (FO) Parking: 102 spaces (approx. 10 spaces per 1,000 SF) Frontage: 168 feet on Walker Street

FOR SALE DETAILS

PRICE

$10,995,000 USD

PRICE/SF

$1,134 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

102

LAND DETAILS

LAND ACRES

1.67 AC

LAND SF

72,745 SF

ZONING

B1 (Mixed-Use) / FO

APN/PARCEL ID

276-072-08,276-072-15

ASK ABOUT THIS PROPERTY

Sam ShakerchiShakerchi Real EstateMore Info
310-525-0872

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Sam ShakerchiShakerchi Real EstateMore Info
310-525-0872

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