Log In/Sign Up
Your email has been sent.
10010 Paramount Blvd 5,950 SF Retail Building Downey, CA 90240 $4,399,999 ($739.50/SF)
INVESTMENT HIGHLIGHTS
- All property showings are by appointment only.
- Please consult listing agents for more details.
EXECUTIVE SUMMARY
The Ovaness-Rostamian Group of Marcus & Millichap is pleased to present a versatile infill retail opportunity with owner-user or re-development potential in Downey, CA.
Formerly a Bank of America, the 5,950 SF vacant stand-alone building is located near the heavily trafficked intersection of Paramount Blvd and Florence Ave, with over 70,000+ vehicles passing daily. The property features a two-lane drive-through and ample parking with 44 marked spaces on 1 acre of land.
Zoning allows for a myriad of retail, restaurant and medical uses. Developers can reposition the building or develop to take advantage of an existing double drive-thru site plan with ample parking. Owner-user investors can take advantage of attractive SBA financing (10-15% down) with major tax benefits like depreciation and cost segregation studies. For more details, contact the listing agents.
With over 682,542 people in a 5-mile radius and an average household income of $208,489, this infill location provides strong demographics for all potential uses.
Formerly a Bank of America, the 5,950 SF vacant stand-alone building is located near the heavily trafficked intersection of Paramount Blvd and Florence Ave, with over 70,000+ vehicles passing daily. The property features a two-lane drive-through and ample parking with 44 marked spaces on 1 acre of land.
Zoning allows for a myriad of retail, restaurant and medical uses. Developers can reposition the building or develop to take advantage of an existing double drive-thru site plan with ample parking. Owner-user investors can take advantage of attractive SBA financing (10-15% down) with major tax benefits like depreciation and cost segregation studies. For more details, contact the listing agents.
With over 682,542 people in a 5-mile radius and an average household income of $208,489, this infill location provides strong demographics for all potential uses.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Bank
Building Size
5,950 SF
Building Class
C
Year Built
1969
Price
$4,399,999
Price Per SF
$739.50
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
Walk Score®
Very Walkable (86)
NEARBY MAJOR RETAILERS
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
-
Research In Progress - Research In Progress
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Research In Progress
10010 Paramount Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.