For Sale
Call for price

23226 Lyons AveSanta Clarita, CA 91321

Santa Clarita Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
Lyons Village, a two-building shopping center in Santa Clarita, CA (91321), presents a compelling value-add investment opportunity. This 36,721 square foot property, situated on a 47,610 square foot lot, features 25 units and 80 surface parking spaces. Built in 1982 and renovated in 2005, the property is zoned SCCP. A recent fire impacted 43% of the 30,210 square foot net rentable area, primarily due to smoke and water damage. However, remediation is complete, and ready-to-issue restoration plans are available, allowing for immediate commencement of repairs. Approximately $500,000 has already been invested in remediation, and a $212,000 insurance payout is pending. The unaffected portions of the property maintain 100% occupancy. The property enjoys high visibility with an average daily traffic count of approximately 27,752 vehicles. This presents a chance to capitalize on existing income while leveraging the potential for increased rental rates by activating the remaining shell space. Located in Santa Clarita, the third largest city in Los Angeles County, this property offers strong long-term value potential in a thriving economy. The property's address is 23226 Lyons Ave.

Highlights

  • Lyons Village, a 36,721 SF shopping center on a 47,610 SF lot in Santa Clarita, CA (91321), offers a value-add opportunity.
  • Pre-fire occupancy exceeded 90%; currently, unaffected areas are 100% leased.
  • High-visibility location with 27,752 average daily traffic count.
  • Investor opportunity to restore a partially fire-damaged property; $500,000 remediation complete, $212,000 insurance payout pending.

Property Details for 23226 Lyons Ave

Property type
Lifestyle centers, Power centers
Square Feet
36,721 SF
Class
B
Year Built/Renovated
1982/2005
Buildings
2
Stories
2
Units
25

Location Insight

City
Santa Clarita
County
Los Angeles
State
California
Latitude
34.379774262184
Longitude
-118.53960889874
23226 Lyons Ave, Santa Clarita, California

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
23226 Lyons Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message