7951 Garvey Avenue

  • Rosemead

  • $3,000,000
  • Acres
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Commercial Sale Details

Description & Essential
Description
LAND VALUE - DEVELOPMENT OPPORTUNITY In the heart of former auto auction and within the City of Rosemead Garvey Avenue Specific Plan. In May of 2014, the City of Rosemead initiated a comprehensive and visionary plan to revitalize the Garvey Avenue corridor, invested approximately $270,000 to date, the City of Rosemead has committed significant resources scheduled for completion in early spring of 2017, the Garvey Avenue Specific Plan is expected to support commercial and residential uses in an integrated mixed use setting, with and incentivized program allowing the ability to build up to a 3 to 1 FAR and 80 dwelling units per acre, up to a 75 foot height limit. This visionary planning process initiated by City of Rosemead provides the fundamental framework for a visionary developer to create a regional draw for modern living intertwined with first class retail, food and entertainment. Currently, a one story building with three commercial retail units and parking in the rear. Sell in "As-Is" physical conditions, no repair, no termite. Please DO NOT contact tenants, BRIVE BY ONLY. Buyer and Buyer's agent to verify all MLS and property information with city to their satisfactions. See supplements for additional information.
Essential
MLS #WS17127557
Price Per SqFt$1,875.00
Sub-TypeRetail
CountyLos Angeles
StateCA
Area651 - Rosemead/S. San Gabriel
StatusActive
Sale TypeStandard
Number Of Units3
Number Of Buildings1
Building StatusExisting
Land UseOffice,Retail
Listing BrokerageUNITED R.E.- LOS ANGELES
Listing AgentTHANH LY
Listing Agent BRE #01332587

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Based on information from California Regional Multiple Listing Service, Inc. as of Saturday, July 1, 2017. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.