Investment Highlights
- C3 zoned lot (rezoned recently from M1) – rectangular and flat lot surrounded by other commercial properties
- Multiple redevelopment options are available including Residential (R4), and General Commercial (C3)
- Wide range of uses under C-3 zoning: C-2, C-1, C-0, R-4, Cannabis cultivation, cannabis manufacturing, cannabis distributors, furniture warehouse, auto parking, etc.
- Excellent location near Longo Toyota, Valley Blvd, Ramona Blvd, and Peck Rd
- Side street right off Peck Rd (±28k traffic volume) and Ramona Blvd (±17k traffic volume) which has a combined ±45k cars per day traffic volume
- Long-time owner for more than 41 years
- In the heart of El Monte, nearby many shopping centers and major employments in the area
- Minutes from San Gabriel Valley Airport
- Ready to be redeveloped site with public connection on the street
- COMMERCIAL Development Guideline (per city): 50ft maximum height, 0.75 to 1.00 Max FAR, Max lot coverage: N/A
- Excellent investment property for land banking or to park investment capital in a high growth corridor of San Gabriel Valley
- Excellent access to 2 major freeways in San Gabriel Valley (FWY 10 and FWY 605)
EXECUTIVE SUMMARY
Growth Investment Group is proud to present 11346 Stewart St, a C3 zoned (rezoned recently from M1) vacant lot located at the heart of El Monte. This offering provides a rare land opportunity for a Commercial & Industrial buyer in the San Gabriel Valley. This large 11,427 SQFT lot zoned for C3 (commercial general) has had the same ownership for over 41 Years. The property is in a side street right off Peck Rd and located just minutes from many shopping centers and many major employment centers in El Monte (Longo Lexus and Longo Toyota). The property is surrounded by other warehouses and self-storage facility. This site could be perfect for an owner user who would like to build their own small warehouse or a small self -storage site.
Multiple redevelopment options are available including Residential (R4), and General Commercial (C3) under C3 zoning. There are multiple options a buyer can have with this C-3 zoning. C-3 zoning allows a wide range of use which covers C-2,C-1,C-0, and even R-4 use. Some of the allowed use according to city of El Monte zoning code for C3 are commercial cannabis, furniture warehouse, auto park, public garages, etc. Buyer to do their own investigations and determinations with the city of El Monte.
El Monte is an increasingly desirable city in the San Gabriel Valley, an area that is experiencing rapid growth and redevelopment because of its excellent location and proximity to Downtown Los Angeles. El Monte has an excellent location for commuters because of the El Monte Busway, The Metro link, and easy access to the 10 FWY, 605 FWY, and 60 FWY; making almost every Southland location easily accessible from this location.
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