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240 Pier Avenue

Hermosa Beach, CA 90254
  • $5,000,000
  • STATUS: Active
  • ON SITE: 117 Days
  • ID#: SB21173600
UPDATED: 53 min ago
$5,000,000
  • 0
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1976
County:

School Ratings & Info

Listing provided courtesy of William Mar of Strand Hill Christies International Real Estate

Description

A Rare Commercial Opportunity! 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T12:25:26.22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
www.rgahomes.com/homes/120182924
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240 Pier Avenue Hermosa Beach, CA 90254

  • Price: $5,000,000
  • Status: Active
  • On Site: 117 Days
  • Updated: 53 min ago
  • ID#: SB21173600
0
Beds
0
Baths
0
½ Baths
0.12
Acres
1976
Built
Neighborhood:
148 - Hermosa Bch Sand
County:
Los Angeles
Area:
148 - Hermosa Bch Sand
Property Description
A Rare Commercial Opportunity! 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.
Exterior Features

Construction Materials Stucco Lot Features 0-1 Unit/Acre Parking Total 8 Sign On Property YN No Waterfront Features Beach AccessOcean Access

Interior Features

Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Business Type Liquor Store Common Interest None Current Financing Conventional Electric Standard Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Property Sub Type Retail Special Listing Conditions Standard Utilities Electricity ConnectedSewer ConnectedWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-02T12:25:26.22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RGA Homes | Coldwell Banker Realty. Licensed in the State of California, USA.
 
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RGA Homes | Coldwell Banker Realty
3790 Via De La Valle Suite 301
Del Mar CA, 92014
Listing provided courtesy of William Mar of Strand Hill Christies International Real Estate