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    604 Chapman Ave Placentia, CA 92870

    Sponsored
    For Sale
    $350,000

    Prime Placentia lot, redevelopment potential.

    Property size:
    10,454 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 10,454 square foot commercial vacant land parcel is situated at 604 W. Chapman Ave, Placentia, CA 92870, within the Northgate Shopping Center. Currently zoned C1, this property is poised for significant growth due to its location in the rapidly developing Chapman Corridor Redevelopment Area. The City of Placentia anticipates a zoning change to Residential & Commercial Mixed-Use by February 2025, following a final survey completion expected by the end of 2024. This rezoning will allow for the development of up to 65 condominium units. While the city currently discourages independent development on this specific lot, its prime location and future zoning changes present a unique investment opportunity with substantial upside potential. The asking price for this exceptional property is $350,000. This represents a rare chance to acquire a strategically located parcel in a high-growth area of Placentia, offering significant long-term value appreciation. The property's size and location within the Northgate Shopping Center provide excellent visibility and accessibility. Don't miss this chance to capitalize on the future growth of this dynamic area.

    Property Features for 604 Chapman Ave

    General Information

    Property type
    Land
    Square Feet
    10,454 SF

    HighLights

    • 10,454 SF vacant commercial land parcel at 604 W. Chapman Ave, Placentia, CA 92870.
    • Located in Northgate Shopping Center, currently zoned C1.
    • Projected zoning change to Residential & Commercial Mixed‑Use by February 2025, allowing up to 65 condo units.
    • $350,000 asking price.
    • Prime location in the rapidly developing Chapman Corridor Redevelopment Area offers significant upside potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Placentia
    County
    Orange
    State
    California
    Longitude
    -117.8761335
    Latitude
    33.8729876

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    FAQs

    What type of property is this?
    Land - Prime Placentia lot, redevelopment potential.
    Where is this land located?
    The property is located at 604 Chapman Ave Placentia, CA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 10,454 SF vacant commercial land parcel at 604 W. Chapman Ave, Placentia, CA 92870.; Located in Northgate Shopping Center, currently zoned C1.; Projected zoning change to Residential & Commercial Mixed-Use by February 2025, allowing up to 65 condo units.
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    604 Chapman Ave Placentia, CA 92870
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    Placentia, CA 92870
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    604 Chapman Ave Placentia, CA 92870
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