604 Chapman AvePlacentia, CA 92870

Property Details for 604 Chapman Ave

Property size (Sq ft)

10,454 SF

Property type

Other commercial real estate

Property subtype

Other specialty properties

Description

This exceptional 10,454 square foot commercial vacant land parcel is situated at 604 W. Chapman Ave, Placentia, CA 92870, within the Northgate Shopping Center. Currently zoned C1, this property is poised for significant growth due to its location in the rapidly developing Chapman Corridor Redevelopment Area. The City of Placentia anticipates a zoning change to Residential & Commercial Mixed-Use by February 2025, following a final survey completion expected by the end of 2024. This rezoning will allow for the development of up to 65 condominium units. While the city currently discourages independent development on this specific lot, its prime location and future zoning changes present a unique investment opportunity with substantial upside potential. The asking price for this exceptional property is $350,000. This represents a rare chance to acquire a strategically located parcel in a high-growth area of Placentia, offering significant long-term value appreciation. The property's size and location within the Northgate Shopping Center provide excellent visibility and accessibility. Don't miss this chance to capitalize on the future growth of this dynamic area.

Location Insight

City

Placentia

County

Orange

State

California

Latitude

33.873

Longitude

-117.876

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