Vacant-User
Former Bank of America
10010 Paramount Blvd, Downey, CA 90240
Listing Price: $4,399,999
Investment Overview
Marcus & Millichap is pleased to present a versatile infill retail opportunity with owner-user or re-development potential in Downey, California.
Formerly a Bank of America, the 5,950 square foot vacant stand-alone building is located near the heavily trafficked intersection of Paramount Boulevard and Florence Avenue, with over 70,000+ vehicles passing daily. The property features a two-lane drive-through and ample parking with 44 marked spaces on one acre of land.
Zoning allows for a myriad of retail, restaurant and medical uses. Developers can reposition the building or develop to take advantage of an existing double drive-through site plan with ample parking. Owner-user investors can take advantage of attractive SBA financing (10-15 percent down) with major tax benefits like depreciation and cost segregation studies. For more details, contact the listing agents.
With over 744,000 people in a five-mile radius and an average household income of $83,871, this infill location provides strong demographics for all potential uses.
Former Bank of America
Investment Highlights
- Prime Location: Situated at the Intersection of Paramount Boulevard and Florence Avenue in Downey, California, With Over 70,000 Vehicles Passing Daily, Ensuring High Visibility and Accessibility.
- Versatile Use: Zoned for a Variety of Uses Including Retail, Restaurant, and Medical, Offering Flexibility for Different Business Models.
- Former Bank of America Building: A 5,950 Square Foot Standalone Building, Previously Occupied by a Reputable Bank, Suggesting a Robust Structure Suitable for Immediate Occupancy or Redevelopment.
- Drive-Through Advantage: Features a Rare Double Drive-Through, Ideal for Fast-Food Restaurants, Pharmacies, or Any Business Benefiting from Drive-Through Services.
- Ample Parking: 44 Marked Parking Spaces on a Full Acre of Land, Enhancing Convenience for Customers and Employees.
- Development Potential: Ideal for Developers Looking to Reposition or Redevelop, Leveraging the Existing Site Plan for Efficiency.
- Owner-User Benefits: Attractive Financing Options Through SBA Loans With as Little as 10-15 Percent Down Payment, Plus Significant Tax Advantages Through Depreciation and Cost Segregation.
- Strong Market Demographics: Serves a Five-Mile Radius Population of Over 744,000 With an Affluent Average Household Income of $83,871, Supporting High-End Retail or Services. | Infill Opportunity: Represents a Rare Infill Development Opportunity in a Built-Out Area, Reducing the Risks Associated with New Developments in Less Established Locations.
Exclusively Listed By
Financing By
Listing Price: $4,399,999
Investment Highlights
- Prime Location: Situated at the Intersection of Paramount Boulevard and Florence Avenue in Downey, California, With Over 70,000 Vehicles Passing Daily, Ensuring High Visibility and Accessibility.
- Versatile Use: Zoned for a Variety of Uses Including Retail, Restaurant, and Medical, Offering Flexibility for Different Business Models.
- Former Bank of America Building: A 5,950 Square Foot Standalone Building, Previously Occupied by a Reputable Bank, Suggesting a Robust Structure Suitable for Immediate Occupancy or Redevelopment.
- Drive-Through Advantage: Features a Rare Double Drive-Through, Ideal for Fast-Food Restaurants, Pharmacies, or Any Business Benefiting from Drive-Through Services.
- Ample Parking: 44 Marked Parking Spaces on a Full Acre of Land, Enhancing Convenience for Customers and Employees.
- Development Potential: Ideal for Developers Looking to Reposition or Redevelop, Leveraging the Existing Site Plan for Efficiency.
- Owner-User Benefits: Attractive Financing Options Through SBA Loans With as Little as 10-15 Percent Down Payment, Plus Significant Tax Advantages Through Depreciation and Cost Segregation.
- Strong Market Demographics: Serves a Five-Mile Radius Population of Over 744,000 With an Affluent Average Household Income of $83,871, Supporting High-End Retail or Services. | Infill Opportunity: Represents a Rare Infill Development Opportunity in a Built-Out Area, Reducing the Risks Associated with New Developments in Less Established Locations.
Investment Overview
Marcus & Millichap is pleased to present a versatile infill retail opportunity with owner-user or re-development potential in Downey, California. Formerly a Bank of America, the 5,950 square foot vacant stand-alone building is located near the heavily trafficked intersection of Paramount Boulevard and Florence Avenue, with over 70,000+ vehicles passing daily. The property features a two-lane drive-through and ample parking with 44 marked spaces on one acre of land. Zoning allows for a myriad of retail, restaurant and medical uses. Developers can reposition the building or develop to take advantage of an existing double drive-through site plan with ample parking. Owner-user investors can take advantage of attractive SBA financing (10-15 percent down) with major tax benefits like depreciation and cost segregation studies. For more details, contact the listing agents. With over 744,000 people in a five-mile radius and an average household income of $83,871, this infill location provides strong demographics for all potential uses.
Exclusively Listed By
Financing By
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