10010 Paramount Blvd | Downey, CA 90240
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- LoopNet Team
10010 Paramount Blvd
Downey, CA 90240
Former Bank w/ Double Drive-Thru - 1 Acre Lot · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime Location: Paramount & Florence in Downey, CA, 70K+ daily cars, high visibility, easy access, ideal for retail, restaurant, or medical use
- Ample Parking & Land: 44 spaces on a full acre, ensuring convenience for customers, employees, and future development opportunities
- Owner-User Perks: SBA loans with 10-15% down, plus tax advantages from depreciation and cost segregation for financial benefits
- Former Bank & Drive-Thru: 5,950 SF ex-Bank of America with a rare double drive-thru, perfect for fast food, pharmacy, or high-traffic businesses
- Development Potential: Ideal for repositioning or redevelopment, leveraging an efficient site plan in a built-out, high-demand area
- Strong Demographics: 682K+ population in 5 miles, $208K+ average income, supporting high-end retail, services, and strong market demand
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,950 SF
Building Class
C
Year Built
1969
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.68 AC
Zoning
C-2 - Commercial Zone
Parking
44 Spaces (7.39 Spaces per 1,000 SF Leased)
Frontage
103’ on Paramount Boulevard
AMENITIES
- Banking
- Signage
- Drive Thru
- Wheelchair Accessible
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $416,160 | |
| Land Assessment | $2,392,920 | Total Assessment | $2,809,080 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,392,920
Improvements Assessment
$416,160
Total Assessment
$2,809,080
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