LAND VALUE - DEVELOPMENT OPPORTUNITY In the heart of former auto auction and within the City of Rosemead Garvey Avenue Specific Plan. In May of 2014, the City of Rosemead initiated a comprehensive and visionary plan to revitalize the Garvey Avenue corridor, invested approximately $270,000 to date, the City of Rosemead has committed significant resources scheduled for completion in early spring of 2017, the Garvey Avenue Specific Plan is expected to support commercial and residential uses in an integrated mixed use setting, with and incentivized program allowing the ability to build up to a 3 to 1 FAR and 80 dwelling units per acre, up to a 75 foot height limit. This visionary planning process initiated by City of Rosemead provides the fundamental framework for a visionary developer to create a regional draw for modern living intertwined with first class retail, food and entertainment. Currently, a one story building with three commercial retail units and parking in the rear. Sell in "As-Is" physical conditions, no repair, no termite. Please DO NOT contact tenants, DRIVE BY ONLY. Buyer and Buyer's agent to verify all MLS and property information with city to their satisfactions. See supplements for additional information.
1125.000 per sqft
Built in 1955