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$ 3,699,000
Est. payment | /mo
$ 3,699,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-22217
HOA Y/N No
Year Built 1957
Property Description
For LEASE or SALE with large square footage, high visibility, and great signage on Hawthorne Blvd, this 9,645 s.f. building on a 11,956 s.f. parcel is just a short distance to the South Bay Galleria in beautiful Lawndale, renowned for its Alondra Community Park and South Bay Wedding Center. With easy access and a hard, signalized corner location, this desirable property is ideally suited for a furniture store or similar business. 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 photos)The property benefits from over 40,000 vehicles a day passing by and is just 3 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.The owner has approved plans for a mixed-use development opportunity comprised of retail space on the ground floor, 20 apartments above, and underground parking below. For prospective developers, these plans can be made available and included in the purchase. The property is also located in a Qualified Opportunity Zone, which offers potential tax incentives to investors / developers. This property is available for immediate occupancy and ready for its next thriving and long-term tenant. Private tours are easy to arrange with the listing agent.SALIENT FACTS16900 Hawthorne Blvd Lawndale, CA 90260 Parcel # 4075-012-019High Traffic Counts - 50,000+ VPD 9,645 s.f. freestanding building11,956 s.f lot (.27 acres)6 Parking Spaces3 Blocks from South Bay Galleria MallWalk Score: Very walkable (88)Retail / RestaurantYear Built: 1957 Parking ratio: .6 / 1,000 s.f.Hawthorne frontage: 213 linear feetAccess: Access from three sides, including the rear alleywayZoning is NC / Neighborhood commercial, Lawndale. Contact listing angent for uses allowed in this zoningHARD, SIGNALIZED CORNER - the property benefits from a corner location with over 213 linear feet of frontage.
Location
State CA
County Other
Interior
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Composition
Present Use See Remarks
Total Parking Spaces 6
Building
Lot Description Sprinklers None
Dwelling Type Flex,Retail
Story 1
Water Public
Others
Tax ID 4075012019
Acceptable Financing Cash, Cash to New Loan, Conventional, Submit
Listing Terms Cash, Cash to New Loan, Conventional, Submit
Special Listing Condition Standard
Listed by Andrew Adler • Century 21 Real Estate Alliance