Excess Land for Sale – Northridge, CA
Religious and Educational
On Behalf of the New Life Nazarene Church, Foundry Commercial is pleased to offer this parcel totaling 4.47 AC with roughly 2.2 AC undeveloped land in the desirable San Fernando Valley submarket of Granada Hills and Porter Ranch. Zoned RE-11 with frontage on Chatsworth Ave and Reseda Blvd. The subject property is a rare piece of vacant level land in with access to major freeways and thoroughfares, as well as a variety of retail and commercial amenities. Seller is open to all proposals, however, please confirm all uses and development criteria with the city prior to submitting. The owner has the intention of retaining the remaining portion of the property to operate as a church and preschool, therefore a potential sub-division, ground lease or other creative transaction scenario may be possible.
RARE LAND: This is an extremely unique piece of property, rarely available in this market. The site offers tremendous visibility from both Chatsworth Ave and Reseda, however, there is only an established ingress/egress via Reseda Blvd. The property is level-grade with approx. 2.2 AC of raw undeveloped land, in addition to the current church facility and parking lot. Church has not conducted any surveys or testing and would be open to creative development scenarios that would allow their continued use and parking rights.
GROWING ECONOMY: The sites immediate area demographics suggest trending growth in both average household income and median home values, with most of the workforce being white collar employees. Access to a wide variety of education, healthcare, transportation and retail options make this a prime location for new residential development.