Former Rite Aid
Former Rite Aid
Marketing description
Investment highlights
● Prime Repositioning Opportunity – Freestanding former large-box retail asset located in a transitional South Los Angeles corridor presents significant repositioning potential, including redevelopment for higher-density residential or alternative commercial uses, supported by strong street frontage and visibility.
● Positioned Within Florence-Firestone TOD Specific Plan (MU-2) – Located in unincorporated Los Angeles County and subject to Florence-Firestone Transit Oriented District (TOD) Specific Plan. Buyer to verify all permitted uses and development standards with LA County Planning.
● Scale Supports Meaningful Unit Count– Large site allows for efficient site planning and density. Potential for mid scale multifamily or mixed-use project. Strong candidate for developers seeking infill LA County opportunities.
● Adaptive Reuse Flexibility & Market Repositioning – Former big-box configuration offers a large, open floor plan with ample surface parking and strong visibility, suitable for a range of repositioning strategies including last-mile logistics, grocery or pharmacy tenancy, entertainment or fitness use, or vertical mixed-use residential redevelopment with ground-floor retail.
● Supply-Constrained Urban Infill Asset – South Los Angeles continues to experience sustained housing demand, while large-parcel, transit-adjacent opportunities remain limited. The site’s existing scale and vacancy offer a timing advantage in securing entitlements ahead of further competitive redevelopment.
● Neighborhood Revitalization Tailwinds – The South Los Angeles submarket is undergoing sustained transformation, bolstered by public investment in transit infrastructure and housing, making the property well-positioned to capitalize on ongoing revitalization trends.
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