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24900 Calabasas Rd - High Profile Land with 101 Freeway Visibility 8.66 Acres of Commercial Land Offered at $4,900,000 in Calabasas, CA 91302
Investment Highlights
- Former 41-tee driving range
- High visibility from Calabasas Road and the 101 Freeway
- Near Calabasas Commons, Hidden Hills, medical and commercial users, and the Calabasas Stairs trail
- Fully paved entrance driveway, approximately 20-23 feet wide up to the parking area
- Located along the Calabasas Road commercial corridor near luxury auto dealerships including Audi, BMW, Cadillac, Mercedes-Benz, Volvo, and Acura 101 W
- Strong freeway exposure with traffic count of approximately 198,058 VPD per the OM
Executive Summary
Rare approximately 8.68-acre commercial land offering located at 24900 Calabasas Road in Calabasas, California. The property is a former golf driving range improved with a 2,312 SF single-story clubhouse / retail building, 37 surface parking spaces, and a fully paved entrance drive. The site offers outstanding visibility along Calabasas Road with exposure from the 101 Freeway and sits near major luxury auto dealerships including Audi, BMW, Cadillac, Mercedes-Benz, Volvo, and Acura 101 West. Zoned CL, Commercial Limited, the property presents potential for office, medical, retail, restaurant, outdoor commercial recreation, and other commercial uses, subject to buyer verification. Automotive dealership use may be possible with zoning modification and City approval. Asking price: $4,900,000.
- Prime redevelopment opportunity in affluent Calabasas
- Rare large commercial land offering along a highly visible freeway corridor
- Existing on-site improvements provide interim utility while buyer pursues redevelopment or repositioning
- Owner may also consider lease, partnership, joint venture, or build-to-suit structure
- Prime redevelopment opportunity in affluent Calabasas
- Rare large commercial land offering along a highly visible freeway corridor
- Existing on-site improvements provide interim utility while buyer pursues redevelopment or repositioning
- Owner may also consider lease, partnership, joint venture, or build-to-suit structure
Property Facts
| Price | $4,900,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 8.66 AC |
| Property Type | Land | ||
| Zoning | CL - Commercial Limited | ||
| Price | $4,900,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 8.66 AC |
| Zoning | CL - Commercial Limited |
1 Lot Available
Lot
| Price | $4,900,000 | Lot Size | 8.66 AC |
| Price Per AC | $565,819.86 |
| Price | $4,900,000 |
| Price Per AC | $565,819.86 |
| Lot Size | 8.66 AC |
Rare approximately 8.68-acre commercial land offering located at 24900 Calabasas Road in Calabasas, California
Description
The property totals approximately 8.68 acres with an existing clubhouse structure and surface parking. It is located along Calabasas Road near Highway 101, providing significant vehicular visibility. The site is zoned Commercial Limited (CL), supporting various commercial uses upon verification. Known surrounding uses include retail centers and automotive dealerships. The property’s previous operation as a golf driving range indicates prior outdoor recreational utilization.
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Minimal public transit
10/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 2069-010-010 | Improvements Assessment | $615,500 |
| Land Assessment | $2,164,864 | Total Assessment | $2,780,364 |
Property Taxes
Parcel Number
2069-010-010
Land Assessment
$2,164,864
Improvements Assessment
$615,500
Total Assessment
$2,780,364
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24900 Calabasas Rd - High Profile Land with 101 Freeway Visibility
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