Mixed-Use

The Artesia Village

19015-19027 Pioneer Blvd, Artesia, CA 90701

Listing Price: $10,500,000

Lot Size
1.86 acres
Price/Acre
$5,641,443
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present a transit-oriented development opportunity with frontage on two major arterials Pioneer Boulevard and South Street in the city of Artesia, California. The opportunity consists of three parcels totaling 81,075 square feet of land (1.86 Acres) with three buildings totaling 22,739 square feet zoned Artesia-CPD. The CPD zoning allows for up to units per Acre with the height of seven stories up to 75 feet for a mixed-use project totaling 120,000 square feet. The site sits across the street from a future METRO station with preliminary plans underway by the City of Artesia and California METRO deemed to be named the Pioneer Station. Wrapping around a signalized hard corner the property has approximately 370 feet of frontage on South Street and approximately 190 feet of frontage on Pioneer Boulevard. Three buildings on separate parcels on the site comprise of a two-story 10,698 square feet restaurant building facing South Street, a 2,430 square feet vacant drive-thru (formerly KFC) facing Pioneer Boulevard and a vacant 9,611 square feet building formerly used as a banquet hall facing Pioneer Boulevard. The opportunity can be delivered with preliminary plans formerly submitted to the city of Artesia for The Artesia Village project consisting of two development schemes: a 91 unit mixed-use development which could potentially go up to 179 units given the current zoning. Located in a high traffic dense retail corridor Artesia Village is less than a quarter mile east of the Cerritos Mall, Cerritos Promenade and Cerritos Auto Square which sit adjacent to the highly traveled 605 Freeway. Over 4,000,000 square feet of retail in less than one mile radius of the site with of retailers such as Sprouts, 99 Cents Only, Target, CVS Pharmacy, ALDI, Starbucks, US Bank, Comerica Bank, Chase Bank, Macys, Dicks Sporting Goods, Apple, Sephora, ZARA, TJ MAXX, Burlington, Nordstrom Rack and more. The site is surrounded by over 618,514 people in a five mile radius with the average income of $103,450.

Investment Highlights

  • Over 1.85 Acres of Developable Land with Favorable Zoning for Mixed-Use Project up to 179 Apartment Units /Condominium Units
  • Transit Oriented Development (Tod) Site Sitting Directly Across the Street from the Future Purple Metro Line Station
  • Surrounded by Over Four Million Square Feet of Retail Amenities
  • City Encouraged Mixed-Use Development of Multifamily, Condominium, Hotel combination with Retail Component
  • High Barrier to Entry Development Opportunity
  • Over 618,000 Population in a Five Mile Radius with Average Income of $103,450

Exclusively Listed By

Listing Price: $10,500,000

Lot Size
1.86 acres
Price/Acre
$5,641,443
Land Type
Redevelopment

Investment Highlights

  • Over 1.85 Acres of Developable Land with Favorable Zoning for Mixed-Use Project up to 179 Apartment Units /Condominium Units
  • Transit Oriented Development (Tod) Site Sitting Directly Across the Street from the Future Purple Metro Line Station
  • Surrounded by Over Four Million Square Feet of Retail Amenities
  • City Encouraged Mixed-Use Development of Multifamily, Condominium, Hotel combination with Retail Component
  • High Barrier to Entry Development Opportunity
  • Over 618,000 Population in a Five Mile Radius with Average Income of $103,450

Investment Overview

Marcus & Millichap is pleased to present a transit-oriented development opportunity with frontage on two major arterials Pioneer Boulevard and South Street in the city of Artesia, California. The opportunity consists of three parcels totaling 81,075 square feet of land (1.86 Acres) with three buildings totaling 22,739 square feet zoned Artesia-CPD. The CPD zoning allows for up to units per Acre with the height of seven stories up to 75 feet for a mixed-use project totaling 120,000 square feet. The site sits across the street from a future METRO station with preliminary plans underway by the City of Artesia and California METRO deemed to be named the Pioneer Station. Wrapping around a signalized hard corner the property has approximately 370 feet of frontage on South Street and approximately 190 feet of frontage on Pioneer Boulevard. Three buildings on separate parcels on the site comprise of a two-story 10,698 square feet restaurant building facing South Street, a 2,430 square feet vacant drive-thru (formerly KFC) facing Pioneer Boulevard and a vacant 9,611 square feet building formerly used as a banquet hall facing Pioneer Boulevard. The opportunity can be delivered with preliminary plans formerly submitted to the city of Artesia for The Artesia Village project consisting of two development schemes: a 91 unit mixed-use development which could potentially go up to 179 units given the current zoning. Located in a high traffic dense retail corridor Artesia Village is less than a quarter mile east of the Cerritos Mall, Cerritos Promenade and Cerritos Auto Square which sit adjacent to the highly traveled 605 Freeway. Over 4,000,000 square feet of retail in less than one mile radius of the site with of retailers such as Sprouts, 99 Cents Only, Target, CVS Pharmacy, ALDI, Starbucks, US Bank, Comerica Bank, Chase Bank, Macys, Dicks Sporting Goods, Apple, Sephora, ZARA, TJ MAXX, Burlington, Nordstrom Rack and more. The site is surrounded by over 618,514 people in a five mile radius with the average income of $103,450.

Exclusively Listed By

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