6901 Walker St 9,700 SF Retail Building La Palma, CA 90623 $10,995,000 ($1,133.51/SF)

Was in counters and Seller has given the green light to entertain new offers.
This freestanding commercial property offers a prime opportunity for redevelopment into a mixed-use residential community. The B-1 zoning allows for a combination of residential, office, and commercial uses, aligning with the city's vision for high-quality, high-density housing that caters to diverse income levels. It can also be utilized as it currently is - a fully built-out restaurant. Tenant is month to month and, per the Seller, the property can be delivered 100% vacant. The B-1 Mixed-Use Business zoning district is designed to promote the development of high-quality, high-density housing that is affordable to households of all income ranges. This zoning flexibility allows for innovative land design and diversification, making it ideal for a mixed-use development comprising residential units, retail spaces, and possibly office components. Given the property's substantial lot size (1.67 ACRES) and strategic location, a redevelopment project could significantly contribute to the city's housing goals while providing modern amenities to the community. It can also be utilized as it is currently - a fully built-out restaurant. Tenant is month to month and, per the Seller, the property can be delivered 100% vacant.
Initial searches show that 32-57 homes can be built on site. Of course, Buyer is strongly urged to investigate accordingly.
Lot Size: Approximately 1.67 acres / 72,725 SF
Building Size: 9,700 SF (Single-story, built in 2004)
Zoning: B-1 (Mixed-Use Business) with Freeway Overlay (FO)
Parking: 102 spaces (approx. 10 spaces per 1,000 SF)
Frontage: 168 feet on Walker Street