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685-688 Westminster Ave 0.93 Acres of Commercial Land Offered at $12,450,510 CAD in Venice, CA 90291
INVESTMENT HIGHLIGHTS
- Exclusive Townhome Comunitty Potential
EXECUTIVE SUMMARY
685 & 688 WESTMINSTER AVE Reimagining Venice Living with Scale and Style. An extraordinary opportunity to create a high-end townhome community in the heart of Venice, CA; a scale and vision rarely available in this market.685 & 688 Westminster Avenue together comprise a ±40,456 SF assemblage in the heart of Venice—just blocks from Abbot Kinney Boulevard and minutes from the beach. This is the largest contiguous residential land opportunity west of Lincoln Boulevard, making it an unparalleled canvas for a new townhome development. The offering is comprised of 685 Westminster Avenue, an existing approximately 12,313 SF two-story church structure and parking lot situated on five lots comprising approximately 29,170 SF of land, and 688 Westminster Avenue, a vacant parking lot on two lots with a recorded covenant historically tied to 685 Westminster Ave comprising approximately 11,286 SF of land. Both parcels are zoned RD1.5-1 and must be purchased together.
DATA ROOM Click Here to Access
- Offering Memorandum
- Market Information
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $12,450,510 CAD | Lot Size | 0.93 AC |
| Price Per AC | $13,387,644.68 CAD |
| Price | $12,450,510 CAD |
| Price Per AC | $13,387,644.68 CAD |
| Lot Size | 0.93 AC |
Vacent Parking Lot With One Remaining Structure Consisting of a Vacent A-FrameChurch building
1 1
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (88)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $866,123 CAD | |
| Land Assessment | $21,954,649 CAD | Total Assessment | $22,820,772 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$21,954,649 CAD
Improvements Assessment
$866,123 CAD
Total Assessment
$22,820,772 CAD
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685-688 Westminster Ave
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