Asking $3,899000 for purchase and $2.75 / s.f. NNN ($.0.50) for lease rateFor LEASE or SALE with abundant parking and high visibility on Hawthorne Blvd, this 7,080 s.f. building on a 14,358 s.f. parcel is just a short distance to the South Bay Galleria in beautiful Lawndale.With easy access and a corner location, this desirable property is ideally suited for a restaurant, religious facility, market, or other vibrant retail business requiring onsite customer parking. The ground level, single story interior is wide open, with abundant windows facing Hawthorne Blvd., so it's a 'blank slate', ready for your imagined retail concepts (see renderings).The property benefits from over 53,000 vehicles a day passing by and is just 2 blocks from the intersection of Hawthorne and Artesia, which sees 110,000 vehicles a day and is one of the busiest intersections in the South Bay area. A retail business here will be in the great company of nearby national retailers such as Starbuck's, Boston Market, Walgreens, CVS, and Chase Bank. Prospective retailers can also look forward to the nearby South Bay Galleria's planned remodel and Metro Link's expansion to attract and generate an even greater customer base. For destination-oriented retailers, this location is just a few blocks away from the 405 Freeway.SALIENT FACTSParcel # 4075-014-025High Traffic Counts - 53,000+ VPD 7,080 s.f. freestanding buildingLarge 14,358 SF Lot (.33 acres)20 Parking Spaces2 Blocks from South Bay Galleria MallWalk Score: Very walkable (88)Retail / Restaurant / mYear Built: 1960 Parking ratio: 2.9 / 1,000 s.f.Hawthorne frontage: 118 linear feetAccess: Access from three sides, including the rear alleywayZoning is NC / Neighborhood commercial, Lawndale. See attached for uses allowed in this zoningNNN: Approximately $0.50 cents / s.f.INVESTMENT HIGHLIGHTSDEVELOPMENT OPPORTUNITY: Landlord has approved plans to build 35 apartment units with ground-floor retail and underground parking.OPPORTUNITY ZONE: Located in a Qualified Opportunity Zone offering potential tax incentives.SOUTH BAY GALLERIA REDEVELOPMENT: The subject property is only three blocks from the South Bay Galleria, which is in its first phase of remodeling.HARD, SIGNALIZED CORNER: - the property benefits from a hard, signalized corner location with over 118 linear feet of frontage along both Hawthorne Blvd. & 170th Street.
Additional Features
- Frame
- Stucco
- None
- Central
- Parking spaces: 20.00
- Listing Status: Active
- Listing Agent: Andrew Adler
(lic# 01162080)
of Ventura Coastal
- Listing Office: Century 21 Everest
(lic# 01994886)
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Based on information from CRISNet MLS as of 3rd May 2024 at 1:39am. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
