2540 Rosemead Blvd 1.23 Acres of Commercial Land Offered at $3,900,000 in South El Monte, CA 91733

This Property is a ~1.23-acre parcel(~53,560 SF) located in a Commercial and Manufacturing (C-M) zoned area. This site is also part of the  Rosemead Boulevard corridor, with a daily average traffic of ~52,000 cars. The Property is accessible to the SR-60, I-10, and I-605 freeways. The Property is adjacent to the KB Home residential development project, where approximately 200 single-family and townhomes are under construction. This Property may be ideal for a commercial or mixed-use development offering retail shopping, restaurants, services, and housing for the local community (mixed-use development may be subject to city zoning and entitlement approvals). Don’t miss out on this exciting investment opportunity. The Property underwent a lot line adjustment on February 2, 2023, to create a separate legal parcel. The new Property APNs are 8102-037-025,-028 (former APNs: 8102-037-022,-021). The Property’s listing address is 2540 Rosemead Blvd, South El Monte, but the buyer should confirm the final address during due diligence. The Property is also located in an Opportunity Zone, but the buyer should reconfirm this designation. Finally, this Property is subject to a temporary construction easement and joint-use easement/maintenance agreement. These documents will be shared with the buyer during the due diligence period.