FOR SALE Contact for full marketing package with complete details.
Zoned and Mapped for Cannabis.
Marcus & Millichap is pleased to present 615-633 E 61st Street, in the Goodyear Tract Neighborhood of South Downtown Los Angeles. This 59,500 square foot creative campus is located at the corner of Avalon and 61st Street and boasts a large gated parking lot holding 81 spaces; including 3 handicap, 3 covered, and 13 tandem spaces, with additional parking on the perimeter of the property. Being located within a Stare Enterprise and Federal Opportunity Zones, the property’s parking requirements are reduced to 2/1,000 square feet, therefore offering the opportunity to house a multitude of uses with appropriate parking.
Given the buildings location and recent Los Angeles County Cannabis Ordinance Regulations, the property’s eligibility currently falls into all categories legal for cultivation, manufacturing, and retail use, (request the marketing package for further details). As development in Downtown Los Angeles continues to boom and expanding south, the Goodyear Tract will certainly be no stranger to the ever growing mixed-use opportunities the city is seeing. With the entertainment industry expanding their studio options, the cannabis industry rapidly growing, and the University of Southern California aggressively expanding their campus and student facilities, this owner/user opportunity has major potential to expand right along with the city.