11346 Stewart StEl Monte, CA 91731

This exceptional 11,427 square foot commercial lot, located at 11346 Stewart St, El Monte, CA 91731 (APN 8567022006), presents a remarkable investment opportunity. Priced at $1,050,000 ($96/SF), this flat, vacant land is zoned C3 (General Commercial), aligning with the General Plan Land Use. Phase 1 development was completed in 2023. The property's strategic location offers easy access to the 10 Freeway, placing it within close proximity to numerous shopping centers and major employers in the heart of El Monte. The C3 zoning permits a wide array of uses, including retail, business, professional, and personal services, recreation, entertainment, and transient lodging. Importantly, cannabis cultivation, distribution, and manufacturing are also possibilities. The zoning also allows for uses typically found in C-2, C-1, and R-4 zones. A warehouse (retailer or retail warehouse) is a permitted use, though further investigation with the city is recommended by prospective buyers to ensure alignment with specific needs. Note that open truck parking or storage is not permitted. Potential uses include multi-family housing, adult daycare, drug/alcohol treatment facilities, childcare, elder care/assisted living, and cannabis-related businesses. The city adopted a new zoning code on June 21, 2022