7
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$3,899,000
Est. payment /mo
Active
17000 Hawthorne BLVD Lawndale, CA 90260
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UPDATED:
12/05/2024 12:36 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID V1-22171
HOA Y/N No
Year Built 1960
Property Description
Asking $3,899000For 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, renowned for its Alondra Community Park and South Bay Wedding Center. With easy access and a corner location, this desirable property is ideally suited for a restaurant or other vibrant retail business requiring onsite customer parking. The ground level, single story interior is wide open, with abundant windows facing Hawthorne Blvd.,This property was leased on August 1, 2024 for $12,500 / month NNN on a two-year lease with two 2-year OptionsThe property benefits from over 40,000 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.The owner has plans for a mixed-use development opportunity comprised of retail space on the ground floor, 35 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. SALIENT FACTSParcel # 4075-014-025High Traffic Counts - 50,000+ VPD 7,080 s.f. freestanding buildingLarge 14,358 SF Lot (.33 acres)18+ Parking Spaces2 Blocks from South Bay Galleria MallWalk Score: Very walkable (88)Retail / RestaurantYear Built: 1960 Parking ratio: 2.35 / 1,000 s.f.Hawthorne frontage: 118 linear feetAccess: Access from three sides, including the rear alleywayZoning is NC / Neighborhood commercial, Lawndale.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.
Location
State CA
County Other
Zoning Neighborhood Commercial
Interior
Heating Central
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Cable Available, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities
Roof Type Composition,Flat
Total Parking Spaces 20
Building
Lot Description Corners Marked, Level, Paved, Sprinklers None, Street Level, Walkstreet
Dwelling Type Flex,Mixed Use,Retail
Story 1
Water Public
Others
Tax ID 4075014025
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
Listed by Andrew Adler • Century 21 Real Estate Alliance
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