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500 Atlantic Blvd - Wondries Ford - Atlantic Blvd & Mission Road

3.87 Acres of Residential Land in Alhambra, CA 91801

Investment Highlights

  • Fantastic Opportunity to Purchase a Total of 3.868 Acres with 650'+ of Atlantic Boulevard Frontage
  • Fantastic Residential Mixed Use Development Opportunity
  • Private Ownership for Decades and First Time on the Market
  • On the Market for Sale and Lease with Property 500 South Atlantic Blvd, Totals 0.895 Acres
  • Car Dealership Currently Permitted By Right
  • Once in a Generation Opportunity for Sale or Lease

Executive Summary

Incredible Location in the Heart of the San Gabriel Valley at the intersection of Atlantic Blvd and Mission Road
The two adjacent sites that total 3.868 Acres or 168,476 SF of land made up of a total of 7 parcels. The Dealership Portion (400 S Atlantic Blvd.) and the Mission Corner (500 South (title labels it North) Atlantic Blvd) are separated by Beacon Street.
Dealership Portion (400 S Atlantic Blvd - 5 parcels): +2.97 Acres or 129,486 Square Feet
Mission Corner (500 Atlantic Blvd - 2 parcels): +0.895 Acres or 38,990 Square Feet
Zoning: Commercial Mixed-Use (CMU). The CMU Zone is intended to provide areas for a broad range of retail and service commercial activities, as well as office and residential uses that support retail and commercial uses. This Zone provides for developments that include a mix of residential and/or office and commercial development or single use commercial or retail development. The CMU Zone implements the General Commercial General Plan land use designation (Please refer to the City’s zoning link below).
Maximum Residential Density up to 48 Units per Acre
Auto Dealerships are Permitted by Right and located only a mile south of Main Street’s Auto Row, which includes Acura, BMW, Jeep, Honda, Kia, Mazda, Nissan, Tesla, and Toyota. Mazda recently joined Auto Row, received City approval for a temporary dealership, and permits to build a new facility, all within 12 months.
Zoning Code Link: https://codelibrary.amlegal.com/codes/alhambra/latest/alhambra_ca/0-0-136031#JD_Chapter23.05
Video Link: https://vimeo.com/flyingrobotproductions/400-s-atlantic
Alhambra’s Population is 80,000+
4 Fire Stations
85 Sworn Police Officers

Property Facts

Sale Type Investment or Owner User
Sale Conditions
Deferred Maintenance
  • High Vacancy Property
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 3.87 AC
Cross Streets W Mission Road

1 Lot Available

Lot

Lot Size 3.87 AC

The two sites total 3.868 Acres or 168,476 SF (total of 7 parcels) Dealership Site - 400 South Atlantic Blvd - 5 parcels: +2.97 Acres or 129,486 Square Feet. Mission Corner Site - 500 South Atlantic Blvd - 2 parcels: +0.895 Acre or 38,990 SF

Description

Incredible Location in the West most San Gabriel Valley at the intersection of Atlantic Blvd and Mission Road The two sites total 3.868 Acres or 168,476 SF of land made up of a total of 7 parcels. The Dealership Portion (400 South Atlantic Blvd.) and the Mission Corner (500 South (title labels it North) Atlantic Blvd) are separated by Beacon Street. Dealership Portion (400 S Atlantic Blvd - 5 parcels): +2.97 Acres or 129,486 Square Feet Mission Corner (500 South (title labels it North) Atlantic Blvd - 2 parcels): +0.895 Acres or 38,990 Square Feet Zoning: Commercial Mixed-Use (CMU). The CMU Zone is intended to provide areas for a broad range of retail and service commercial activities, as well as office and residential uses that support retail and commercial uses. This Zone provides for developments that include a mix of residential and/or office and commercial development or single use commercial or retail development. The CMU Zone implements the General Commercial General Plan land use designation (Please refer to the City’s zoning link below). Maximum Residential Density up to 48 Units per Acre (with bonuses) Auto Dealerships are Permitted by Right. The property is located 0.33 miles south of Main Street’s Auto Row, which starts at the intersection of South Atlantic Boulevard & West Main Street. Auto Row is home to several dealerships - Acura, BMW, Jeep, Honda, Kia, Mazda, Nissan, Tesla, and Toyota. Mazda recently (2023 / 24) joined Auto Row. Within 12 months’ time the City approved a temporary Mazda dealership operation, and the construction of a new dealership facility. Zoning Code Link: https://codelibrary.amlegal.com/codes/alhambra/latest/alhambra_ca/0-0-136031#JD_Chapter23.05 Video Link: https://vimeo.com/flyingrobotproductions/400-s-atlantic Alhambra’s Population is 80,000+ 4 Fire Stations 85 Sworn Police Officers Frontage 650' on South Atlantic Blvd (with 3 curb cuts) 140' on West Mission Road (with 1 curb cut) 430' on West Beacon Street (with 3 curb cuts) Fantastic Opportunity to Purchase a Total of 3.868 Acres with roughly 650 feet of South Atlantic Boulevard Frontage On the Market for Sale and Lease with Adjacent Property 500 South Atlantic Blvd, which Totals 0.895 Acres (title labels it North Atlantic) Fantastic Residential Mixed Use Development Opportunity Car Dealership Currently Permitted by Right Private Ownership for Decades and First Time on the Market Once in a Generation Opportunity for Sale or Lease

Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5344-002-012
  • 5344-002-046
  • 5344-002-044
  • 5344-002-010
  • 5344-001-046
  • 5344-002-001
  • 5344-001-047
Land Assessment
$3,947,201
Improvements Assessment
$962,635
Total Assessment
$4,909,836

zoning

Zoning Code CMU (Zoning: Commercial Mixed-Use (CMU). Auto Dealership's Permitted by Right Broad Range of uses: Mixed-Use, Retail, Residential and Commercial Develop.)
CMU (Zoning: Commercial Mixed-Use (CMU). Auto Dealership's Permitted by Right Broad Range of uses: Mixed-Use, Retail, Residential and Commercial Develop.)
  • Listing ID: 32876684

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 500 Atlantic Blvd, Alhambra, CA 91801

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