24337-24339 Main St
Santa Clarita, CA 91321
Retail Property For Sale

Major Price Reduction. Golden Opportunity to own a prime corner lot located retail property in downtown Newhall which is one of the most sought after locations in the City of Santa Clarita. Based on the 2005 Newhall Redevelopment Plan for downtown Newhall, this area is experiencing a renaissance and is becoming the City's Premier Arts and Entertainment destination. Downtown Newhall is humming with multiple restaurants and new stores opening up. About 500 feet from the subject property is a newly constructed 4 story parking structure, an under construction 47 unit apartment complex and 20,000 SF of retail. Co-located is a 7 screen Laemmle theater complex under construction which is scheduled to go in operation in 2020 along with the apartments and retail which is nearing completion. This is a happening area and is fast becoming a crown jewel of Santa Clarita. The property, which was extensively damaged in Dec 2012 due to an electrical fire, was renovated in May 2014. The renovations included new windows & doors, new roof and ceiling joists, new electrical service, new plumbing, new HVAC, new insulation & drywall, new flooring and two new ADA compliant restroom. Within walking distance are a number of popular restaurants, Canyon Theater & Metro link station. City zoning permits zero lot line development with alternative fees for parking requirements being met with the parking structure. Great property for Owner Use or Investor. Structure is presently demised as 2 units but can be used as a single unit. Existing Tenant is on a month to month lease.