3900 Walnut Grove Avenue
Offered at: $28,000,000
Year Built: 1947
Region: 651 - Rosemead/S. San Gabriel
Development Opportunity! The property offers prime exposure and accessibility, making it an ideal location for hotel and/or retail development. Current zone for Regional Commercial with a Design Overlay (C-4D) with FAR: 1.0:1 (if hotel development that incorporates specific amenities according to General Plan) or Specific Plan Proposals for City approval. City General Plan Designation:High Intensity Commercial.
Three parcels combined total estimated lot size of 146,767 square feet (3.3 Acres). Currently, a one story high ceiling corner lot furniture store, potential for other use, buyer must verify with city of Rosemead. Location will be available for lease on 1/1/2018 see lease listing WS17249130. This rectangular shaped property is located at a prime corner in the City of Rosemead, forming the southeast corner of Walnut Grove Avenue and Valley Boulevard. A combination of commercial and single family residential land uses are located to the east, two single-family residential to the south and commercial to the north and west. All of which attracts neighborhood residents and businesses.
Agent doesn't guarantee accuracy of square footage, lot size, permit info, zoning, usage, descriptions herein or other info regarding the conditions/features of property provided by the seller or obtained from Public Records/other sources. Buyer advised to verify the accuracy of all info thru personal inspection and with appropriate professionals.
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