23500 Valencia BlvdSanta Clarita, CA 91355
- Retail properties
- 11,043 SF
Property Details for 23500 Valencia Blvd
- Year built
- 1995
- Construction
- WOOD
- Lot size
- 1.84 AC
- Property size (Sq ft)
- 11,043 SF
- Zone code
- SCCR
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 2811-025-062
- APU
- 2811025062
Description
This exceptional 22,762 square foot flex space, situated on a 1.93-acre lot at the bustling Valencia Auto Mall, presents a unique investment opportunity. Built in 1995, the property boasts a single-tenant occupancy with 3,950 square feet currently vacant. The building features a prominent showroom and five spacious auto bays, ideal for a variety of automotive-related businesses or adaptable to other uses. Its prime location at the intersection of Valencia Blvd and Magic Mountain Pkwy ensures high visibility and accessibility, benefiting from significant vehicle traffic counts within the established auto mall. The property offers convenient 24-hour access, ample parking (first-come, first-served), and dedicated storage space. The building also includes air conditioning for optimal comfort. Its strategic location offers proximity to major transportation arteries, including the 5 Freeway and 14 Freeway, providing easy commutes for employees and customers. Furthermore, the property enjoys a desirable location near the Valencia Town Center mall, numerous restaurants, and College of the Canyons, enhancing its appeal and potential for attracting a diverse clientele. This property represents a rare opportunity to secure a well-positioned, versatile commercial space in a thriving area.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $4,307,412
- 6.5%
- $3,976,072
- 7%
- $3,692,067
-
Comparable approach
- Method
- Valuation
- Relative Method
- $5,291,841
- Geo Method
- $5,291,841
-
Alternative Use
- Use
- Valuation
- Residential
- $3,353,966
- Hospitality
- $3,072,214
- Educational
- $2,556,046
- Medical
- $2,643,952
- Retail
- $3,976,072
Location Insight
- City
- Santa Clarita
- County
- Los Angeles
- State
- California
- Latitude
- 34.4162
- Longitude
- -118.549
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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