Monday, October 24, 2016

Eastside Property: Fire-ruined Echo Park real estate seeks a buyer

Fire destroyed the building last October.

A small Echo Park commercial building that was destroyed  in a fire last October is now up for sale.  The  brick shell of the building at the corner of Belmont Avenue and Palo Alto Street next to the 101 Freeway now serves as an unofficial gallery for street artists, who have painted over the interior  of the now roofless structure.

The ruined building and nearly 18,000-square foot lot is being sold “as-is” for an undisclosed price, according to the listing on LoopNet.   The now ruined property has “excellent development potential”   as well as an “excellent Echo Park location” and “excellent visibility and frontage on the 101 Freeway.”

What kind of development is suitable for such excellence? A gas station or drive-through Starbucks?

Street art and tagging now covers the interior of the roofless building.

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  1. “street artist” HA!

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