Close

sale information for:
Foster Square Retail Shopping Center | Bellflower

Brokerage details Back to transactions

Foster Square Retail Shopping Center | Bellflower

More Information

For Sale $2,950,000

Property Information:

FOSTER SQUARE RETAIL SHOPPING CENTER


13404 Woodruff Ave, Bellflower CA


Apn 6280-013-015


Year built – 1969
Property size – 1.23 acres
Zoning BFCN*
Building Size – 19,700 SF


Easy access to 605 and 105 Freeway
Tenants include Metro PCS
Restaurants
Furniture retailer

INVESTMENT HIGHLIGHTS
•Being sold on behalf of a State Court Appointed Receiver
•Recently Remodeled and significantly upgraded façade of the buildings and parking lot
•Significant Frontage and Visibility on Woodruff and Foster
•Strategic Location – The property is near the 105 freeway
•Adjacent to high traffic gas station
•Substantial parking
•Price below replacement cost


Listing price $2,950,000


BELLFLOWER, CALIFORNIA
Bellflower is the 25th largest City in the State of California, located just 20 miles south of Los Angeles. The City occupies 6.1 square miles with a population of over 78,106. The cities origin begins at the turn of the Century with the settlement of Dutch dairy farmers and was incorporated in 1957. There are just over 24,897 households and 4,077 commercial businesses existing in the City with new residential and commercial developments on the horizon.

Historically known as a bedroom community, Bellflower is developing a reputation as the “place to be.” The city has introduced over 130 new housing units and creative developments that are renewing interest in Bellflower’s business community. Using almost every tool in the toolbox, staff have successfully worked with developers to invest in Bellflower. From two Choice Hotels to a Mixed-Use Transit Oriented Development featuring a Laemmle Theatre, the city works closely with developers and businesses to make their projects a reality. Its efforts have produced projects that are complete or well underway, such as SteelCraft, Dunkin’, ln-N-Out, and The Exchange.

The Los Angeles County Economic Development Corporation (LAEDC) has identified Bellflower as a finalist for its 2019 Most Business-Friendly city in LA County Award. Business-friendly programs and services are a critical factor in job-creation. Bellflower was selected based on its ability to demonstrate priority to economic development and creation of quality jobs, based on its excellence in programs/services designed to facilitate business entry, expansion, and retention, and also based on its competitive business tax rates and fee structures. The Cities availability of economic incentives and effective communication with business clients placed Bellflower in the top list of finalist.

BUSINESS DISTRICT The City of Bellflower boasts a historic downtown which offers live concerts, outdoor movies, car shows and special holiday events. In recent years, the City focused on improving the downtown’s environment by adding streetscape enhancements, providing grants for façade upgrades to local businesses, and working to attract a vast array of restaurants to create a unique, dining destination.

Bellflower supports small homegrown businesses and embraces entrepreneurial spirit. The newest development underway is SteelCraft, an outdoor food hall located on a 15,000 square-foot lot in the heart of Downtown Bellflower. SteelCraft will feature nine vendors serving craft food out of repurposed shipping containers. In addition to building SteelCraft, developer Howard CDM is also moving its corporate headquarters to Bellflower.

In 2018, the city celebrated the grand opening of The Mayne Events Center and the Los Angeles County Fire Museum, a 24,000 square foot facility which houses a ground-floor fire apparatus museum and full-service event center located directly above. Just across Bellflower Boulevard, a new parking structure will soon begin construction. The City is committed to providing ample parking for the growing business community.

Bellflower is seeking to expand entertainment options and increase public art within the city. Citizens are excited to see the construction downtown and are proud to be residents of Bellflower. Bellflower is actively working to create a pedestrian-friendly atmosphere with modern housing, a great selection of eateries and a variety of entertainment options.