Property summary
This exceptional 7,600 square foot retail property, located at 8203 Firestone Boulevard in Downey, California, presents a unique investment opportunity. Situated on a 0.18-acre lot at the highly visible corner of Firestone Boulevard and La Reina, this property benefits from exceptional foot traffic and high visibility. Its strategic location places it in the heart of downtown Downey, directly on the same block as the popular Porto's Bakery and AAA Automotive Building. The property's convenient location offers easy access to a multitude of amenities, including banks, restaurants, and medical offices, all within walking distance. Ample parking is available at the rear of the building, ensuring customer convenience. The building is being offered in its "as is" condition, presenting a blank canvas for redevelopment or renovation to suit a variety of commercial uses. This prime location and substantial square footage make this property ideal for an investor seeking a high-return investment in a thriving downtown area. The property's current condition provides significant potential for value enhancement through strategic improvements and modernization. This is a rare opportunity to acquire a significant retail space in a highly desirable and established commercial district. The asking price is $3,500,000.
Property profile
VerifiedCap rate & NOI
Current use
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Law Firm
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Furniture & Home Goods Home Decor Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
DOC3* · Downey, CAZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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The district profile from the municipal source: what is on file for DOC3* in Downey, CA.
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