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INVESTMENT HIGHLIGHTS
- Prime corner location
- No On Site Parking Requirements
- Located in the Old Town Newhall Arts & Entertainment District
- Freestanding Building
- Near Metrolink station
- High visibility in both vehicle and pedestrian traffic
EXECUTIVE SUMMARY
This rare, freestanding corner building offers excellent visibility and opportunity in the thriving Old Town Newhall Arts & Entertainment District. Positioned directly across from Newhall Crossings, a vibrant mixed-use development featuring ground-floor retail, 47 luxury apartments, a 7-screen Laemmle movie theater, and a 372-space free public parking structure, this property benefits from high foot traffic and a dynamic community atmosphere.
Situated adjacent to the Newhall Library and at the northern end of Old Town Newhall’s 22-block entertainment corridor, this property is ideal for an owner-user or redevelopment opportunity. There are no on site parking requirements which may allow for development of the entire parcel.
Situated adjacent to the Newhall Library and at the northern end of Old Town Newhall’s 22-block entertainment corridor, this property is ideal for an owner-user or redevelopment opportunity. There are no on site parking requirements which may allow for development of the entire parcel.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,216 SF
Building Class
C
Year Built
1980
Price
$2,445,000
Price Per SF
$579.93
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.21 AC
Zoning
SCSP (3) - Old Town Newhall Specific Plan
Parking
10 Spaces (2.37 Spaces per 1,000 SF Leased)
AMENITIES
- Bus Line
- Corner Lot
- Signalized Intersection
Walk Score®
Walker's Paradise (93)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2831-007-001 | Improvements Assessment | $212,241 |
| Land Assessment | $2,698,651 | Total Assessment | $2,910,892 |
PROPERTY TAXES
Parcel Number
2831-007-001
Land Assessment
$2,698,651
Improvements Assessment
$212,241
Total Assessment
$2,910,892
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