16720 Lakewood Blvd, Bellflower, CA 90706
16720 Lakewood Blvd, Bellflower, CA 90706
16720 Lakewood Blvd, Bellflower, CA 90706
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$2,395,000
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2,176 SqFt
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16720 Lakewood Blvd Bellflower, CA 90706

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,176 sqft

Price per Sqft $1,100

MLS Listing ID 26691839

Year Built 1961

Lot Size 0.466 Acres

Acres 0.2119

Property Description

We are pleased to present an estimated 20,314 SF commercial lot with 2,176 SF of improvements located in the City of Bellflower. The property is currently occupied by an auto sales with a soon-to-be expiring lease, allowing a new owner the ability to reposition the property. Located along the busy Lakewood Blvd and Flower corridor, the property is well- positioned for an owner-user/investor seeking significant street presence, or for a developer seeking a substantial site for a new development. The City of Bellflower has historically been accommodating to residential developers seeking either a market-rate or an affordable housing development. As a development opportunity, the corner lot allows a developer the ability for easy ingress/egress while building a high-density residential property. As a repositioning opportunity, the property's corner location with 30,000 VPD and being just 3 blocks from the 91 freeway, there's potential to attract a credit-rated tenant once the current lease expires. With its close proximity to the 91, 105, 605, and 710 freeways, the property is well-positioned for any type of investor to take advantage of continued appreciation for years to come. Any Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area Bellflower North Of 91 Frwy, S Of Alondra

Zoning BFCG*

Exterior

Garage Spaces 35.0

Building

Story 1

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Kidder Mathews of California, Inc.

NEARBY SCHOOL & BUSINESS

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Roddy de la Garza

Roddy de la Garza

Broker Associate / Area Leader | License ID: CA 01995374 / TX 431113

+1(323) 696-5375

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16720 Lakewood Blvd