Prime Medical-Corridor Value-Add + Future Development Site | Norwalk Rare opportunity to acquire a strategically located commercial asset offering in-place income, immediate lease-up upside, and long-term land redevelopment potential in one of the most active submarkets in the Southeast LA / Gateway Cities region. The property features 9,724 SF of vacant space with strong upside potential to lease at approximately $2.50/SF, creating meaningful NOI growth for investors or an ideal footprint for an owner-user medical operator (buyer to verify permitted use). At this rent level, the vacancy represents approximately $291,720/year in additional gross potential income once stabilized. Medical demand is a key driver here: the site sits in a medical/professional services environment adjacent to critical healthcare infrastructure, with a local community need for an Urgent Care concept (urgent care / outpatient / specialty clinic), positioning the vacancy as a compelling near-term tenanting play. Redevelopment optionality: the underlying land value supports future repositioning, including potential multi-family development (buyer to verify zoning, density, and feasibility). This creates a powerful dual strategy: cash flow + upside now, with development value later. ?? AREA GROWTH & DEVELOPMENT TAILWINDS (within ~5 miles) The surrounding area is seeing continued investment in housing, mixed-use, and transit-oriented planning, strengthening long-term demand drivers for medical services and supporting commercial tenancy: Norwalk Civic Center mixed-use (“The Walk”) has recently broken ground, bringing hundreds of new residential units and retail activity near the civic core-supporting greater daytime population and local services demand. Norwalk Transit Village Specific Plan advances a major transit-oriented future with up to 770 residential units plus supporting commercial/civic space-another strong long-term demand catalyst. Former Norwalk Swap Meet / Alondra corridor redevelopment has been entitled for a 209-unit mixed-use project with commercial space, reinforcing the broader housing growth story in the immediate trade area. Cerritos (Bloomfield & South) rezoning actions nearby allow for potential residential development up to 107 units at the existing retail center-supporting continued infill housing growth along the Bloomfield corridor.