Property Description

A Rare Commercial Opportunity! See updated “Downtown District” for mixed used. Time is running out for commercial property ownership in downtown Hermosa Beach, however, there is a rare opportunity to buy one of the last free-standing commercial lots on Pier Avenue. This highly desirable property is set on a prime corner at Pier Avenue and Monterey, right in the heart of town. The 5365 square foot lot not only offers ocean views but also a vast amount of foot traffic all year long in which to showcase your business or office building. Abe’s Liquor is currently the tenant on the property, with a remaining 3.5 year lease earning $10,500 per month. The property includes a 1645 square foot building and a parking lot and offers significant development potential with this premium location. See the nearby recently constructed 205 Pier Avenue with eight units and underground parking when considering development potential. Call the agent for more details. NOTE: Feb 2, 2022 Special Planning Commission public hearing. Draft presented calling for “Downtown District” to be “mixed use,” with retail on the bottom and residential on top. Check with the City of Hermosa Beach Planning Commission for verification.rn5 page Brochure Link: https://drive.google.com/file/d/1JlTmpLn7KmC61nHWm7xgnzCF6i9hmVEE/view?usp=sharing

Features
: Forced air
1
Additional Information
Strand Hill Christies International Real Estate
0
SMARWILL
sb1310590
William
4187009040
: Standard

Commercial Sale For Sale

240 Pier Avenue, Hermosa Beach, California 90254

1,625 Sqft
$5,300,000
Listing ID #SB21173600
Basic Details
Status : Active
DaysOnMarket : 192
Property Type : Commercial Sale
Listing Type : For Sale
Listing ID : SB21173600
Price : $5,300,000
Living Area : 1,625 Sqft
Year Built : 1976
Country : US
State : California
County : Los Angeles
City : Hermosa Beach
Zipcode : 90254
Price Per Square Foot : $3,262
Water front Features : Beach Access, Ocean Access
ModificationTimestamp : 2022-02-14 10:24:13
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