23226 Lyons AveSanta Clarita, CA 91321

Property Details for 23226 Lyons Ave

Year built

1982

Property size (Sq ft)

36,721 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

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.

Location Insight

City

Santa Clarita

County

Los Angeles

State

California

Latitude

34.3798

Longitude

-118.54

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