9070 Apollo Way Downey, CA 90242

Property Details for 9070 Apollo Way

Lot size

2.66 lot acres

Property type

Land

Description

This exceptional 2.66-acre land parcel presents a rare development opportunity in Downey, California. Located in Los Angeles County at 9070 Apollo Way, zip code 90242, this property boasts a prime infill location adjacent to the Promenade at Downey, a 1.2 million square foot retail supercenter, and Kaiser Permanente's Downey Medical Center, an 823,000 square foot hospital with over 448 beds and approximately 4,600+ daily employees. The site is zoned under the Downey Landing Specific Plan and TLSP (Tierra Luna), amended in 2011, allowing for a wide range of commercial uses including multifamily, retail, business parks, medical offices, and entertainment. Its convenient location, approximately half a mile north of Interstate 105, with close proximity to the I-710, I-605, and I-5 freeways, ensures excellent accessibility. The property is part of a larger 120+ acre mixed-use master-planned development and benefits from the high traffic and sales generated by an adjacent Walmart, consistently ranked among California's top performers, reporting over $67 million in sales and 3.1 million visitors in 2023. The site is free and clear of structures and tenants, offering significant development potential. Existing entitlements can be expedited, and the high barriers to entry in this essentially built-out city create significant demand. The property's APN is 6256-004-056. This is a truly unique opportunity to capitalize on a thriving Southern California market.