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715 S Meridian Ave 0.3 Acres of Commercial Land Offered at $2,412,834 CAD in Alhambra, CA 91803
Investment Highlights
- Unique owner/user opportunity for yard-oriented users
- Strategic Alhambra location only 0.5 miles from the Long Beach (710) Freeway and 1 mile from the San Bernardino (10) Freeway
- Properties are vacant, free of any leases
- Rare potential redevelopment site in the infill San Gabriel Valley industrial market
- Extremely tight industrial market with Q2, 2022 vacancy rate at 0.7%
Executive Summary
Colliers International is offering a rare opportunity to acquire up to three irreplaceable industrial parcels totaling +/-4.29-acres.
All three parcels are zoned IPD which is the industrial zone in the City of Alhambra. In addition to traditional manufacturing, warehousing and distribution uses, this zone also allows outside storage of fleet vehicles, contractor’s storage yards, and lumberyards. The zone allows for the smaller parcel (715 S. Meridian Ave.) to be used as off-site parking for the main parcels.
As an accommodation to prospective buyers, property surveys, environmental reports and demolition bids are available.
All three parcels are zoned IPD which is the industrial zone in the City of Alhambra. In addition to traditional manufacturing, warehousing and distribution uses, this zone also allows outside storage of fleet vehicles, contractor’s storage yards, and lumberyards. The zone allows for the smaller parcel (715 S. Meridian Ave.) to be used as off-site parking for the main parcels.
As an accommodation to prospective buyers, property surveys, environmental reports and demolition bids are available.
Property Facts
| Price | $2,412,834 CAD | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | IPD - Industrial Planned Development | ||
| Price | $2,412,834 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.30 AC |
| No. Stories | 1 |
| Zoning | IPD - Industrial Planned Development |
1 Lot Available
Lot
| Price | $2,412,834 CAD | Lot Size | 0.30 AC |
| Price Per AC | $8,042,778.73 CAD |
| Price | $2,412,834 CAD |
| Price Per AC | $8,042,778.73 CAD |
| Lot Size | 0.30 AC |
Current Use Off Site Parking Lot
Description
This offering presents a rare chance to acquire an infill parcel in the booming San Gabriel Valley industrial market. Located at 715 S Meridian Avenue in Alhambra, the property consists of 0.30 acres zoned IPD (Industrial Planned Development), permitting a wide array of uses, including manufacturing, warehousing, distribution, outside storage, and contractor or fleet vehicle yards. The parcel currently serves as an off-site parking lot, adding operational flexibility for future redevelopment considerations.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5291-026-021 | Improvements Assessment | $5,528 CAD |
| Land Assessment | $153,022 CAD | Total Assessment | $158,550 CAD |
Property Taxes
Parcel Number
5291-026-021
Land Assessment
$153,022 CAD
Improvements Assessment
$5,528 CAD
Total Assessment
$158,550 CAD
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715 S Meridian Ave
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