The Delano Center

Highlights:

• Massive exposure to traffic on 99 Freeway
• 8 Acres - Plenty of room for additional development
• Centrally located to Delano
• Adjacent to several new build retail and commercial structures
• Mutliple uses for diversified income

Description:

Owner financing is available. Financing terms are negotiable.

M2 Heavy Industrial Zoning. This zoning allows for an abundant number of uses. Both sides of Glenwood Street between the 99 Freeway and railroad tracks. Located at 1815, 1835, 1901, 1933, and 1936 Glenwood Street, in Delano. This is an approximately 8-acre property in the center of Delano with approximately 45,000 sf of existing steel buildings. A 5,000 sf building on the north side of the property has been occupied for over 10 years as a dance and music school, Studio 661 (which is a multi-year national champion school).

The open area of the property has often been leased by traveling circuses several times per year for additional income. This land also carries with it a conditional use permit for a weekend swap meet.

This property is located in an Economic Opportunity Zone, which has significant tax benefits to an investor or owner/operator. If this property is acquired and further developed utilizing an Economic Opportunity Zone Fund (which can be easily created by any individual or company) and the property is then held for 10-years, the investing party has the potential to pay $0, nothing, in capital gains tax when sold after the 10-year period has expired. When done properly, this could result in millions of dollars of tax-free profit.

This land is located on the 99 Freeway with excellent exposure to all of the daily traffice on the 99 freeway. The buildings are all fully fenced in with chain link and barbwire. There is abundant open ground for additional development. Fastenal, Harbor Freight, Platt Electric, and Caliber Collision buildings were all recently constructed on the adjacent property to the south, and the new Catholic Church will be constructed on the adjacent property to the north. Asking $6,000,000