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Ace Martial Arts Supply Building

Listing was updated at: 01/23/2019
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Property Overview

Price/Rent PSF $ 5,950,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 14,310
Date Available 01/23/2019
Additional URL Link
Floors 2
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Description

Location
The subject property is located in North Koreatown adjacent to the trendy Silverlake, Echo Park, Virgil Village, and Hollywood sub-markets. Directly south of the Hollywood 101 freeway on-ramp and the Vermont/Beverly Metro train stop, 201-207 N. Vermont Ave offers an opportune location for an Owner/User given the traffic exposure and easy access to the 101 freeway. This sub-market offers a plethora of vibrant and eclectic entertainment, restaurant, and shopping options.

Sale
201-207 N. Vermont Avenue is a retail/office property situated on a hard corner of Vermont Avenue and Council Street with 2 adjacent parcels of approximately 14,580 lot SF. The two-story low-rise masonry building is comprised of 14,310 SF, built in 1929 with 18 feet ceiling height on the ground floor and approximately 2,000 SF mezzanine area (not accounted for in the building SF). The property features a loading door in the rear including an elevator, offering easy access for Tenants to move products. On-site gated parking allocated for 30 spaces. Perfect for an Owner-User Investment property with current C2 zoning. The property spans over approximately 108 foot of street front exposure on the extensively driven Vermont corridor with a high traffic count exceeding over 45,000 vehicles per day. Current Owner operates a sporting good/wholesale business and plans to vacate at close of escrow.

Location

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