$550.71 Per Sq Foot $20,931 est/mo Sourced by Back At You

17000 Hawthorne Boulevard,Lawndale, CA 90260

Lawndale CA, 90260

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Description

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.

Details

MLS#V1-22171
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1960
Days On Site143
Listing Provided ByCentury 21 Real Estate Alliance (805) 563-2121 | Andrew Adler
Buying Commision$0

Features

SQ Feet7,080
Story(s)1
Building(s)1
ZoningNeighborhood Commercial
Acreage0.33

Market Activity 90260

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Listings Checked: 1 minute ago
StateCA
CountyOther County
CityLawndale
Zip Code90260
Listing VS Median (in 90260)
Price:
$3,899,000
low | high
Med:
$975,000
100% of Average
SqFt:
7,080
low | high
Med:
1,756
100% of Average
$ / SqFt:
$551
low | high
Med:
$555
49.176881403502% of Average
On Site:
143
low | high
Med:
40.000000
100% of Average
Sourced by Back At You
Listing Updated: June 29, 2024 at 1:01:49 PM PDT