24513 Walnut St, Newhall, CA 91321

Property is being sold as a development opportunity to capitalize on the highest and best use of the property-Fantastic opportunity to build a 35’ tall 3-story structure for example up to an approximate 22,350+ SF Mixed use structure (Residential and Business/Office Space) with underground parking OR 14,900+ SF office building in addition to a ground floor gated parking garage in Downtown Newhall convenient to restaurants and freeway access as well as all the other amenities the Newhall downtown district has to offer. As part of the Old Town Newhall Corridor Zone, Zoned SCSP this property allows for the maximum usage of the existing lot size with a 0’ set back to the rear of the building and as little as only 5’ on either side of the structure. This gives the maximum income possible to the owner. Lot includes addresses 24513, 24515 and 24519. Currently a multifamily structure with long term tenants occupy the property generating a reliable source of income while the project is in the planning process.