774 N. Broadway
Price Reduced to $8,250,000! | ±26,403 Land SF Development Opportunity
Marketing description
Colliers is pleased to present 774 N. Broadway, a ±26,403 square foot development opportunity located in the core of Chinatown. Situated on a high-visibility corner with frontage along both Broadway and Alpine Street, the site offers strong access and exposure.
The property falls within the Commercial Mixed-Use 1 (CX1) use district under the new Downtown zoning code, permitting a variety of uses including but not limited to a mixed-use development with ground-floor retail and residential units above. The project will be subject to the City’s Inclusionary Housing requirements. Density is regulated by Floor Area Ratio (FAR), with no minimum lot area per
dwelling unit, allowing for highly efficient and dense development.
The property is currently improved with a parking lot generating interim income, providing a buyer with the opportunity to collect revenue while pursuing entitlements. With no existing approvals
in place, a prospective developer has the flexibility to design and execute a project that fully capitalizes on the site’s zoning and prime location.
Investment highlights
- Prime Chinatown Location, centrally located in the heart of Chinatown, just minutes from Downtown Los Angeles, providing strong connectivity to major employment, retail, and cultural hubs.
- Prominent Corner Positioning, high-exposure corner site with dual frontage along Broadway and Alpine Street, offering excellent visibility and access.
- No Existing Entitlements, delivered without approvals, providing a blank slate for developers to design a project tailored to current market demand.
- Covered Land Development Site, the property is currently leased, providing the Potential Purchaser with immediate interim income while pursuing entitlements.
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