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24237 Main St 7,040 SF 36% Leased Office Building Santa Clarita, CA 91321 $2,950,000 ($419.03/SF)
Investment Highlights
- Two story building with 2nd story offices
- Corner exposure
- Upgraded break room /kitchen
- On the Main Street scene with all the lifestyle restaurants, boutiques, craft brewery
Executive Summary
This property offering includes the improved building facing Main Street on the corner of 6th Street and Main. For sale or For lease. Currently vacant and ready for the new owner to operate a Med Spa. Located on the corner of Main Street and 6th in the vibrant downtown Old Town Newhall, this property is a rare site for the investor, owner user or developer. This historical building has been serving the Santa Clarita Valley as a Med Spa for over a decade. The other uses are boutique, retail, restaurant, cafe, bakery.
There is the potential to develop a mixed use retail and multifamily or a boutique hotel over retail shops in the most sought after Santa Clarita's Newhall Main Street corridor. The building size with APN 2831-014-013 according to the tax assessor is 7,040 and sits on a lot size of 11,987.
In addition there is a vacant lot on 6th and Newhall that can be purchased separately for $535,000. This lot will serve for parking for the staff of the Med Spa.
The rear portion is now leased on a short term basis giving the developer or owner user the advantage of income during the entitlement phase.
Partners are ready to move forward. at the revised price by separating the lot from the main building. This is a rare property in Old Town Newhall.
There is the potential to develop a mixed use retail and multifamily or a boutique hotel over retail shops in the most sought after Santa Clarita's Newhall Main Street corridor. The building size with APN 2831-014-013 according to the tax assessor is 7,040 and sits on a lot size of 11,987.
In addition there is a vacant lot on 6th and Newhall that can be purchased separately for $535,000. This lot will serve for parking for the staff of the Med Spa.
The rear portion is now leased on a short term basis giving the developer or owner user the advantage of income during the entitlement phase.
Partners are ready to move forward. at the revised price by separating the lot from the main building. This is a rare property in Old Town Newhall.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Building Size
7,040 SF
Building Class
C
Year Built/Renovated
1941/2019
Price
$2,950,000
Price Per SF
$419.03
Percent Leased
36%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
7,040 SF
Building FAR
0.60
Lot Size
0.27 AC
Zoning
SCSP - Specific Plan
Amenities
- 24 Hour Access
- Commuter Rail
- Restaurant
- Signage
- Air Conditioning
- Raised Floor System
Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2831-014-013 | Improvements Assessment | $757,701 |
| Land Assessment | $1,623,648 | Total Assessment | $2,381,349 |
Property Taxes
Parcel Number
2831-014-013
Land Assessment
$1,623,648
Improvements Assessment
$757,701
Total Assessment
$2,381,349
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24237 Main St