55 Potrero Ave

Showplace Square , CA

Offered at $6,500,000 • For Sale

Corner location in Showplace Sq. The building is broken up with a 2 level showroom, warehouse, administrative upper floor. High ceilings and 1 roll-up door. The property was updated in 2018. The Property can also be developed with an up to roughly 24,000 square foot, 40-foot tall building, consisting of PDR and certain other non-residential uses. The existing building is not a historic resource, so it can be demolished and a new building be constructed, or a vertical addition to the existing building can be constructed. Both R&D and laboratory uses would be permitted. Any project at the Property would likely be eligible for an exemption from environmental review, and most uses do not require Planning Commission approval. As such, a new building or vertical addition could be approved within 12-18 months from filing the first planning application. Leased until July 20202 with Two 1 year options

 

PROPERTY HIGHLIGHTS

• Space Office / Warehouse / Retail

• Adjacent to Showplace Galleria

• Convenient freeway access