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Key Details
Sold Price $450,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Custom Downtown Newhall (Cdnew)
MLS Listing ID SR16097371
Property Description
Vacant lot in Downtown Newhall located one block away from the approved Laemelle Theatre complex. The first phase of the Laemmle Theatre project and accompanying mixed-use development and parking structure in Downtown Newhall commenced in March 2016 per the city of Santa Clarita. This is the only vacant lot right in the middle of Main Street and in very close proximity to the Movie Theatre. Great Frontage. Ideal location for a Starbucks or other branded coffee shop, Restaurants including fast food or sandwich shops, banks or any other suitable retail outlet. No parking requirement for any use on Main Street properties. Max construction height is 2.5 stories or 35 feet. Zero lot line construction permitted by the City. This is a huge incentive for development and especially for food outlets. Downtown Newhall is undergoing a Renaissance. Grab this opportunity as it is extremely rare for any City to permit such liberal development standards. Seller will also consider a Build to Suit with a National Credit Tenant. Check Supplements for Details.
Location
State CA
County Los Angeles
Area Dnew - Downtown Newhall
Zoning SCSP-UC
Exterior
Community Features Curbs, Street Lights, Suburban, Sidewalks
View Y/N No
View None
Building
Lot Description Paved, Rectangular Lot, Street Level, Zero Lot Line, Level
Water Public
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Bought with General NONMEMBER • CRMLS