Corner Retail
For Sale
$2,950,000
24237 Main St, Newhall, CA 91321
A vacant downtown property offers space for a new retail operation at a prominent street intersection.
Property Size7,040 SF
Days on Market8
Property Features for 24237 Main St
General Information
Standard status
Active
Size
7,040 SF
Property subtype
Commercial
Building Details
Building Size
7,040 SF
Listing Agency:
Strategic Realty
Listed By:
Vic Deirmendjian · License #00599219
(818) 519-6755
Source:
Elliman
Added: Sep 30
Changed: Oct 5
Last Checked: Oct 5 at 6:51PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Strategic Realty
Investment Insights
Based on property information with market context.
This 7,040-square-foot retail building sits on an 11,987-square-foot lot at the corner of Main Street and 6th Street in Old Town Newhall. The property is currently vacant, while its rear portion is leased on a short-term basis. The building previously housed a Med Spa for more than a decade.
The corner location places the property along Main Street in downtown Newhall. A separate vacant lot at 6th Street and Newhall is offered for purchase apart from the building.
The corner location places the property along Main Street in downtown Newhall. A separate vacant lot at 6th Street and Newhall is offered for purchase apart from the building.
Key Highlights
- 7,040‑square‑foot building on an 11,987‑square‑foot lot
- Corner location at Main Street and 6th Street in Old Town Newhall
- Currently vacant; rear portion leased on a short‑term basis
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$113,293
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,860
$2.3M
Cap Rate 7%
$1,618,471
$1.6M
Cap Rate 9%
$1,258,811
$1.3M
Market Conditions
NOI Build-Up for 7,040 SF
Gross rent
$169.0K $24.00/SF
− Vacancy
−$7.1K −$1.01/SF
EGI
$161.8K $22.99/SF
− OpEx
−$48.6K −$6.90/SF
NOI
$113.3K $16.09/SF
Area
Santa Clarita, CA
Vacancy
4.21%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,265,860
Cap Rate 7%
$1,618,471
Cap Rate 9%
$1,258,811
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,293 @ 7.0% cap · market cap 3.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.76M
$1.54M – $2.06M
NOI $123,500 @ 7.0% cap · market cap 4.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 91321, CA
33,560
Population
11,257
Households
3
Avg Household Size
37
Median Age
31%
College-Educated
84%
High-School Grad
26.7 sq mi
ZIP Area
1,257
Density / Sq Mi
$93,281
Median Household Income
$40,544
Median Earnings
$2,135
Median Rent
$654,300
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - A vacant downtown property offers space for a new retail operation at a prominent street intersection.
Where is this retail space located?
The property is located at 24237 Main St Newhall, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 7,040‑square‑foot building on an 11,987‑square‑foot lot; Corner location at Main Street and 6th Street in Old Town Newhall; Currently vacant; rear portion leased on a short‑term basis
