For Sale
$3,600,000

24707 Railroad AveSanta Clarita, CA 91321

Prime medical office, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional Santa Clarita investment opportunity presents two buildings totaling 5,500 square feet on a 0.33-acre lot. Located at 24707 & 24663 Railroad Ave, in the heart of Los Angeles County, this property offers significant potential for both owner-users and developers. The larger building (approximately 4,000 sq ft) is a fully built-out medical office, featuring five exam rooms, a procedure room, a recovery room, two private offices, a spacious waiting room, front and back offices, a bathroom, and a large kitchen/lunchroom. The second building (approximately 1,500 sq ft) boasts an open floor plan, adaptable to various uses including medical, retail, or general office space. Built in 1961 and renovated in 2018, the property includes 18 parking spaces and benefits from a 100% occupancy rate since March 25, 2022. Situated within the Newhall Specific Plan, this property offers diverse redevelopment possibilities, including hotels, mixed-use developments, retail spaces, apartments, and fast-food drive-thrus. Other potential uses include general office space, a construction yard, childcare facilities, and retail establishments. The asking price is $3,600,000, translating to $654.55 per square foot. The property is zoned for medical office and mixed-use development, offering a unique blend of immediate income and long-term growth potential. This fee-simple ownership opportunity is ideal for a 1031 exchange.

Highlights

  • Exceptional redevelopment potential in the Newhall Specific Plan.
  • Located in prime Downtown Newhall, Los Angeles County.
  • Ideal owner-user or developer opportunity: two buildings totaling 5,500 square feet on a 0.33-acre lot.
  • Potential for leaseback to developer.

Property Details for 24707 Railroad Ave

Property type
Office properties, Medical offices
Square Feet
5,500 SF
Class
C
Year Built/Renovated
1961/2018
Buildings
2
Lot Size (sq. ft)
14,375 SF
Units
2

Location Insight

City
Santa Clarita
County
Los Angeles
State
California
Latitude
34.3844278
Longitude
-118.5314064
24707 Railroad Ave, Santa Clarita, California

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24707 Railroad Ave
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