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Listed by Steven Spies • Compass
$1,795,000
Est. payment /mo
1,925 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 1,925 sqft
Price per Sqft $932
MLS Listing ID CRAR25245333
HOA Y/N No
Lot Size 0.576 Acres
Property Sub-Type Mixed Use
Source Datashare California Regional
Property Description
SOLD FOR LAND VALUE ONLY. DEVELOPMENT OPPORTUNITY: 709, 715 Rte 66 Rare development opportunity on historic Route 66 in Glendora. Offered together, 709 and 715 E. Route 66 (APNs 8646-029-007 & 8646-029-008) present two contiguous commercial/industrial parcels totaling approximately 45,980 SF. Lot sizes are 25,084 SF (90' x 279') and 20,896 SF (75' x 279'). Properties are being sold as-is for land value only. Buyer to cooperate with Seller's 1031 Exchange. Do not disturb tenants - properties are occupied. Currently zoned GDC_RT66SP (commercial/industrial), the parcels require a zone change to R3 (residential/multi-family) for most redevelopment uses. Seller will cooperate with the process but makes no guarantees. As a strong precedent, Brandywine Homes is developing 39 residential units on ~80,474 SF directly next door. Glendora is an up-and-coming hub, with a new Metro A Line station scheduled to open September 19, 2025, enhancing commuter access to Los Angeles and the San Gabriel Valley. The city has committed nearly $350 million over the next 30 years for infrastructure improvements, including upgrades to streets, water, and public facilities. Its Housing Element (2021–2029) prioritizes multi-family and mixed-use growth along key corridors such as Route 66. Known for top-rate
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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