11016-11022 New St
Downey, CA 90241
Retail Property For Sale

Prime corner lot location, this single-story retail strip center enjoys street frontage on both 2nd Street and New Street in the heart of vibrant, pedestrian-friendly Downtown Downey. First time on the market in 17 years, this fully leased property has five tenants on month-to-month terms allowing for upside rental potential perfect for any investor or owner-user. The property is fully leased to five retail tenants currently on a month-to-month lease terms offering any investor or owner-user potential to reposition with upside in the rents. 11016-11022 New Street is located in the heart of Downtown Downey which has an abundant array of boutique shops, cafes, retail stores, lounges and 20+ restaurants, along pedestrian-friendly Downey Avenue. The subject property is located near Porto's Bakery and Cafe at Firestone Blvd. and New Street with a Daily Vehicle Count of 35,124 cars. Easy access throughout Los Angeles County via three major freeways; 5, 105 and 710. Plenty of parking available. The property is parked at 2.8/1,000. Across the street on New Street is the City of Downey Public Parking Lot which includes four floors with 398 spaces, at no charge. Along 2nd Street are two parking lots offering 2 hour parking and valet. The area offers abundant free street parking as well.