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715 S Meridian Ave 0.3 Acres of Commercial Land Offered at $1,764,180 in Alhambra, CA 91803
INVESTMENT HIGHLIGHTS
- Unique owner/user opportunity for yard-oriented users
- Strategic Alhambra location only 0.5 miles from the Long Beach (710) Freeway and 1 mile from the San Bernardino (10) Freeway
- Properties are vacant, free of any leases
- Rare potential redevelopment site in the infill San Gabriel Valley industrial market
- Extremely tight industrial market with Q2, 2022 vacancy rate at 0.7%
EXECUTIVE SUMMARY
Colliers International is offering a rare opportunity to acquire up to three irreplaceable industrial parcels totaling +/-4.29-acres.
All three parcels are zoned IPD which is the industrial zone in the City of Alhambra. In addition to traditional manufacturing, warehousing and distribution uses, this zone also allows outside storage of fleet vehicles, contractor’s storage yards, and lumberyards. The zone allows for the smaller parcel (715 S. Meridian Ave.) to be used as off-site parking for the main parcels.
As an accommodation to prospective buyers, property surveys, environmental reports and demolition bids are available.
All three parcels are zoned IPD which is the industrial zone in the City of Alhambra. In addition to traditional manufacturing, warehousing and distribution uses, this zone also allows outside storage of fleet vehicles, contractor’s storage yards, and lumberyards. The zone allows for the smaller parcel (715 S. Meridian Ave.) to be used as off-site parking for the main parcels.
As an accommodation to prospective buyers, property surveys, environmental reports and demolition bids are available.
PROPERTY FACTS
| Price | $1,764,180 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | IPD - Industrial Planned Development | ||
| Price | $1,764,180 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.30 AC |
| No. Stories | 1 |
| Zoning | IPD - Industrial Planned Development |
1 LOT AVAILABLE
Lot
| Price | $1,764,180 | Lot Size | 0.30 AC |
| Price Per AC | $5,880,600.00 |
| Price | $1,764,180 |
| Price Per AC | $5,880,600.00 |
| Lot Size | 0.30 AC |
Current Use Off Site Parking Lot
1 1
Walk Score®
Very Walkable (71)
PROPERTY TAXES
| Parcel Number | 5291-026-021 | Improvements Assessment | $4,035 |
| Land Assessment | $111,695 | Total Assessment | $115,730 |
PROPERTY TAXES
Parcel Number
5291-026-021
Land Assessment
$111,695
Improvements Assessment
$4,035
Total Assessment
$115,730
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715 S Meridian Ave
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