1642 CENTRAL Avenue, Glendale, CA 91204

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Property Description

Attention BUILDERS and DEVELOPERS here is an excellent project for you!!! This 10385 sqft corner lot Zoned SFMU (Commercial/Residential Mixed Use) in the Non Rent Controlled City of Glendale is a desirable development site. The lot currently features a month to month tenant occupied duplex (2251 sqft) which can bring $3,500 per month while BUYER prepares plans for construction. High Density zoning with minimal restrictions that allows for many possibilities of expansion! Potential for building up to 6 stories high and 15-24 units!!! This lot provides the rare opportunity to acquire a well-sized parcel of land in a thriving urban center. It is located one block away from the Glendale Galleria and The Americana, major shopping centers featuring countless shopping, dining and entertainment options, within the Golden State Freeway (1-5), Glendale Freeway (SR-2), and Ventura Freeway (SR-134), as well as the 210 Freeway. Property on lot is tagged as potential Historical Resource. Buyer may need to obtain Focused EIR at buyers own expense. Buyer to conduct their own investigations and verify all conditions. Buyer to acquire plans and permits. Property sold for land value.

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Single Lot
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Calculator source: Real Geeks

Courtesy of Coldwell Banker Hallmark Realty, Tereza Toramanyan - CA DRE#02038821

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