Prime corner lot, retail property in downtown Newhall which is one of the most sought after locations in the City of Santa Clarita. Based on the 2005 Newhall Redevelopment Plan for downtown Newhall, this area is experiencing a renaissance and is becoming the City's Premier Arts and Entertainment destination. Downtown Newhall is humming with multiple restaurants and new stores opening up. About 500 feet from the subject property is a newly constructed 4 story parking structure, a 47 unit apartment complex, 20,000 SF of retail and a 7 screen Laemmle theater This is a happening area and is fast becoming a crown jewel of Santa Clarita. The property was extensively renovated in May 2014. The renovations included new windows & doors, new roof and ceiling joists, new electrical service, new plumbing, new HVAC, new insulation & drywall, new flooring and two new ADA compliant restroom. Within walking distance are a number of popular restaurants, Canyon Theater & Metro link station. City zoning permits zero lot line development with alternative fees for parking requirements being met with the parking structure. Great property for Owner Use or Investor. Structure is presently demised for 2 units with interconnecting doors. New Owner can occupy one space and lease the second space. The entire structure can also be used as one space Existing tenant is on a month to month lease. The property is also available for lease at $3.00 per SF NNN.
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