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$14,999,000
Offering Price
288,367
Land SF
$52
Price Per SF
3
# of parcels
6.62
Land Acres
Specific Plan 90-1
Zoning Type

Investment Summary

  • The 605/5 Fwy Junction property sits on 6.62+/- acres with current buildings onsite totaling 121,498+/- square feet. Site has 3 current addresses within the city of Downey: 11000 Florence Avenue, 10700 Studebaker Road, and 11143 Dollison Drive. The current zoning for the site per the city of Downey is Specific Plan (SP - 90-1), which is strictly for the use of Automotive or Big Box Retail. With such great frontage on the main thoroughfares, Florence has 480+/- linear feet and Studebaker has 640+/- linear feet, this site along with the city, wants and needs a redevelopment project to increase value and tax dollars for the city. The property sits ar grade level which is very key to redevelopers and the bottom line. Four (4) main access points on the Studebaker side of the property, two (2) access points on Dollison with one (1) of the driveways blocked off by a current existing wall, and one (1) closed off access point on Florence after the new street and sidewalk improvements were completed.

Investment Highlights

  • 3 main address: 11000 Florence Avenue, 10700 Studebaker Road, and 11143 Dollison Drive, Downey, CA 90241
  • Current Zoning: Specific Plan (SP - 90-1)
  • Ideal Redevelopment Site that the City has expressed interest in having another dealer at this site
  • Along with the 5 freeway expansion project and new on-ramps and off-ramps nearby, this site is perfectly positioned for a redevelopment with City backing
  • Frontage: Florence has 480+/- linear feet and Studebaker has 640+/- linear feet

Location Summary

  • Former Downey Cadillac Dealership Location • Literally at the intersection of the 605 Freeway and 5 Freeway • New entrances and exits to both Freeways, both directions • Triangular lot between the Honda Dealership Sales and Honda Dealership Repair • Across the street from Giant RV (previous Price Club building) • A major thoroughfare for morning traffic as well as afternoon commutes • Commercial and residential surroundings • Well documented as an established Car Dealership section of the City • Located within a very established commercial corridor of business
  • The 605/5 Fwy Junction property sits on 6.62+/- acres with current buildings onsite totaling 121,498+/- square feet. Site has 3 current addresses within the city of Downey: 11000 Florence Avenue, 10700 Studebaker Road, and 11143 Dollison Drive. The current zoning for the site per the city of Downey is Specific Plan (SP - 90-1), which is strictly for the use of Automotive or Big Box Retail. With such great frontage on the main thoroughfares, Florence has 480+/- linear feet and Studebaker has 640+/- linear feet, this site along with the city, wants and needs a redevelopment project to increase value and tax dollars for the city. The property sits ar grade level which is very key to redevelopers and the bottom line. Four (4) main access points on the Studebaker side of the property, two (2) access points on Dollison with one (1) of the driveways blocked off by a current existing wall, and one (1) closed off access point on Florence after the new street and sidewalk improvements were completed.
FOR MORE DETAILS CONTACT
Jonathan Costa
Director of Commercial Services
(949) 705-6631
Jon@CommercialRE.agency
01461895