8400 Firestone BlvdDowney, CA 90241

Property Details for 8400 Firestone Blvd

Year built

2003

Construction

TILT-UP CONCRETE

Lot size

1.11 AC

Property size (Sq ft)

12,296 SF

Zone code

DOC3-M1*

Property type

Retail properties

Property subtype

Retail space

APN

6255-002-032

APU

6255002032

Description

This exceptional 12,700 square foot free-standing retail building, formerly a CVS Pharmacy, presents a unique investment opportunity. Its prime location at the corner of Firestone Boulevard and Dolan Avenue ensures excellent visibility at a signalized intersection within a densely populated area. The property benefits from high traffic counts on this major thoroughfare, attracting significant customer flow. Current neighboring businesses include Diosa Restaurant, Silverlake Ramen, and AT&T Wireless, adding to the vibrant commercial environment. The surrounding area boasts an abundance of regional and national restaurants, retailers, and medical tenants, further enhancing the property's appeal. Nearby landmarks include Stonewood Mall, Downey Promenade, and Downey Landing, providing additional draw for potential customers. Downey itself is known for its high restaurant volume within Los Angeles County, making this location particularly attractive for food-related businesses. The property's proximity to Downey Theater and Downey High School (with over 4,200 students) offers significant foot traffic and potential customer base. The inclusion of a drive-thru adds considerable convenience and operational efficiency, making this a truly exceptional retail space. The property's APN is 6255-002-032. This is a single-tenant property offering significant potential for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,192,738

  6.5%

  $4,793,296

  7%

  $4,450,918

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,892,282

  Geo Method

  $5,892,282

• Alternative Use

  Use

  Valuation

  Residential

  $4,043,325

  Hospitality

  $3,703,664

  Educational

  $3,081,405

  Medical

  $3,187,379

  Retail

  $4,793,296

Location Insight

City

Downey

County

Los Angeles

State

California

Latitude

33.9385

Longitude

-118.131

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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