604 W Chapman Ave - Commercial Land in Placentia 0.24 Acres of Commercial Land Offered at $514,692 CAD in Placentia, CA 92870
EXECUTIVE SUMMARY
Approximately 10,454 sq ft lot located in the Northgate Shopping Center, within the Prime Placentia Redevelopment Area (Chapman Corridor Redevelopment Area), a rapidly evolving region.
Survey and Approval: The final survey was completed for the end of 2024, with expected council approval by Spring 2025, according to the Planning Department.
Rezoning: The current zoning (C1) will be changed to Commercial Corridor (CC), allowing for increased density and future development potential.
Future Growth: This site, located within the Chapman Corridor Redevelopment Area, is poised for substantial growth and increased value.
Don't miss this unique opportunity to secure a prime commercial location in a rapidly evolving area with endless possibilities!
PROPERTY FACTS
| Price | $514,692 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.24 AC |
| Opportunity Zone |
Yes |
1 LOT AVAILABLE
Lot 77
| Price | $514,692 CAD |
| Price Per AC | $2,144,630.45 CAD |
| Lot Size | 0.24 AC |
Commercial Lot for Sale! Located in the Northgate Shopping Center, within the Placentia Redevelopment Project Area (Chapman Corridor Redevelopment), in a rapidly evolving region.
DESCRIPTION
Commercial Lot for Sale! Approximately 10,454 sqft commercial lot in the Northgate Shopping Center, situated in the prime Placentia Redevelopment Area (Chapman Corridor Redevelopment Area), a rapidly evolving region. 1. According to the Planning Department, the final survey is scheduled for the end of 2024, with expected council approval by February 2025. 2. Rezoning: The current zoning (C1) will be changed to Residential & Commercial Mixed-Use, allowing for the development of up to 65 condominium units. 3. Future Growth: Located in the Chapman Corridor Redevelopment Area, this site is poised for substantial future growth and increased value. Don’t miss out on this unique opportunity to secure a prime commercial location in a rapidly evolving area with endless possibilities!
PROPERTY TAXES
| Parcel Number | 339-371-33 | Improvements Assessment | $0 CAD |
| Land Assessment | $447,817 CAD | Total Assessment | $447,817 CAD |
ZONING
| Zoning Code | C1 (According to the city, the current zoning(C1) will be Re-zoned to Residential & Commercial Mixed-Use, allowing for the development of up to 65 condos.) |
