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Rare Coastal Commercial Development Opportunity

Listing was updated on: 02/03/2020
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Property Overview

Price/Rent PSF $ 7,995,000.00
Asset Type Land
Trade Type Sale
Acres Available 0.46
Date Available 02/03/2020
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Description

Location
Prime 0.46-acre commercial land parcel located in the heart of Hermosa Beach; within walking distance of the Hermosa Beach Pier.

Sale
Real Estate West & NAI Capital Inc. have been selected to exclusively offer this rare 0.46-acre Commercial Development/Retail Investment Opportunity in Hermosa Beach, California. The opportunity allows the development of an unusually large commercial property in this beach community while collecting a stabilized rental income from the current tenant – Jack’s Surfboards – through
11/30/2021. Alternatively, the buyer may retain the existing 7,520 SF freestanding retail building as a continuing leased investment or future owner/user occupancy. The City’s broadly allowed uses include retail, office, restaurant, hospitality and many services.

Location

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