First time offered in 50 years. Two story high visibility building that is fully rented with solid long term tenants including neighborhood market downstairs along with upstairs independent living facility. Wide range of exciting development opportunities due to very friendly multi-use zoning of CN-1-3 which allows for a myriad of commercial/residential ventures including up to FIVE residential units above/behind existing retail store. Located in the Transit Priority Area, Sustainable Development Area, Business Improvement District and Complete Communities Housing Solutions Area which increases the potential FAR from 1 to 6.5! Parcel being 60ft wide and nearly 9,000 sf. in total allows for complete build out. Also located in Opportunity Zone which may have favorable tax consequences. Tenants pay all utility bills and 65% of property tax. Sweeping southwesterly views from upstairs decking and balcony. Total gross monthly income $7,200.
PropertiesMorgan Scott2024-05-10T12:24:32+00:00
Property Description
Features
: Other/Remarks
: Other
: On Site, Private, Public, Other/Remarks
: Wood, Concrete
Address Map
US
CA
SD
Logan Heights
92113
Churchward Street
5053-61
W118° 54' 52.7''
N32° 42' 14.2''
Near corner of Euclid & Imperial
Metro Central
CN-1-3
Additional Info
James Jollett Realty
Additional Information
Mixed,Retail
: Stucco, Block, Frame, Concrete
: Two
: Free Standing, See Remarks
2
2
Listing Information
606109
60102
ACTIVE
2025-01-18T01:22:40Z
sdmls
: Call Agent, Other/Remarks
1 Bathrooms
4,575
$1,650,000
Listing ID #250001498
Basic Details
Property Type : Commercial Additional
Listing Type : For Sale
Listing ID : 250001498
Price : $1,650,000
Bathrooms : 1
Square Footage : 4,575
Status : Active
Property Sub Type : Commercial-Off/Rtl/Ind
Roof : Composition, Other
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