$2,000,000
$2,200,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
0.86 Acres Lot
SOLD DATE : 10/22/2024
Key Details
Sold Price $2,000,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24034847
Sold Date 10/22/24
HOA Y/N No
Year Built 1948
Lot Size 0.864 Acres
Property Description
It is anticipated that area will be within a new Mixed Use area known as the Tapo-Mixed Use area. If approved by the City Council (anticipated date will be late summer), the density will be as detailed in the city's MU code . Mixed-Use (MU) Overlay District Standards. Residential density. THE ALLOWED RESIDENTIAL DESITY IS 20.1 to 35 UNITS PER ACRE!
Commercial (Office Building). Large secured lot with offices and huge flat space for over-sized vehicle parking. Plus 2 large storage buildings approx 20'x40' and another approx 12'x36'. Room to park approx 20+ trailers around the edge of property!
5 or more large offices, + a large bullpen area, 3 Restrooms, Kitchen & open space, development potential. Perfect for so many types of businesses.
Includes copper plumbing, A/C. Corner of Adam Rd and Tapo St, high visibility.
Located in the Tapo Street Area of Envision Simi Valley
The Envision Simi Valley project will develop a community vision for the Los Angeles Avenue Corridor and the historic Tapo Street Area. This vision will identify how the Los Angeles Avenue Corridor could become a Downtown area for shopping, entertainment, and mixed use residential development. It would also establish a neighborhood identity for the Tapo Street Area, with increased walkability and diverse commercial and residential opportunities. The ultimate goal is for the City to establish zoning and policy to encourage housing construction, attract new businesses, and increase the quality of life in Simi Valley.
Location
State CA
County Ventura
Area Svc - Central Simi
Interior
Cooling Central Air
Fireplace No
Laundry None
Exterior
Total Parking Spaces 25
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 6250010400
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Financing Conventional
Special Listing Condition Standard
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Bought with Larry Nease • Terra Conejo Properties Inc.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner