Investment Overview

Marcus & Millichap is pleased to exclusively present for sale Downey Ave Redevelopment, located at 14113 Downey Avenue, Paramount, California (Los Angeles MSA). The subject property is a 0.47-acre site, zoned PD-PS, and is ideal for a new retail redevelopment. The asset currently owner-operated as a convenience store, in which all furniture, fixtures, and equipment, as well as business operations, are included in the offering. Therefore, allowing for a new owner/user the opportunity to acquire a hard corner location and existing business operations in one complete sale. In addition, the offering also includes a one-year sale/leaseback, at $150,000, which shall commence upon the completion of the transaction. The city of Paramount, California is Located at the gateway to the Los Angeles metropolis, the City offers a secure quality of life to nearly 54,000 residents and a business-friendly attitude that has created a growing retail and services sector. Crime statistics are at historic lows thanks to a proactive, balanced relationship with the L.A. County Sheriff’s Department. Paramount has a distinctive look due to a continual investment in its infrastructure and a long-time emphasis on code enforcement and assistance programs that have helped residents and businesses upgrade and maintain their properties. The municipal government is a stable, innovative, and financially conservative organization, with an emphasis on maintaining the quality of life for residents, all of which have established a town that people are proud to call home. (paramountcity.com) Overall, Downey Ave Redevelopment offers the rare opportunity for a developer or owner/user to acquire a prime hard corner location for a new retail concept or to takeover and improve business operations from a long-standing establishment. The 0.47-acre site features a 2,302-square foot building and is zoned PD-PS for supporting retail and commercial uses.