For Sale
$15,000,000

26501 Mcbean PkwySanta Clarita, CA 91355

Prime 3.74-acre mixed-use development site.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional 3.74-acre site in the heart of Santa Clarita, CA (91355), presents a unique redevelopment opportunity. Located at 26501 McBean Pkwy, this Class A property boasts a prime location adjacent to the Valencia Town Center Mall, Whole Foods, Kohl's, and the Santa Clarita Regional Transportation Center. The property currently has entitlements for a 134-key extended-stay hotel, but the approved Valencia Town Center Specific Plan and EIR allow for significant flexibility. With existing zoning (CR), developers can explore various options, including residential (up to 187+ units with density bonuses), senior housing, student housing, affordable housing, or a mixed-use development. The site's high visibility, walkability, and proximity to amenities make it ideal for a variety of projects. The six-story, 250-unit multifamily building (currently operating as student housing, apartment building, and hotel) offers a strong foundation for redevelopment. The property includes two pads and is situated on a 3.74-acre lot. The asking price is $15,000,000. This is a truly exceptional opportunity to capitalize on the vibrant growth of Valencia and create a landmark development.

Highlights

  • 3.74-acre prime Valencia site, adjacent to a major mall and public transit.
  • Existing entitlements allow for 187+ residential units (50 units/acre pre-density bonus).
  • Alternatively, develop a 134-key upscale extended-stay hotel, or pursue complementary uses like senior, student, or affordable housing.

Property Details for 26501 Mcbean Pkwy

Property type
Specialty properties, Retirement homes
Class
A
Stories
6
Lot Size (sq. ft)
162,914 SF
Units
250

Location Insight

City
Santa Clarita
County
Los Angeles
State
California
Latitude
34.4146407
Longitude
-118.56083
26501 Mcbean Pkwy, Santa Clarita, California

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26501 Mcbean Pkwy
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