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Commercial Off Market
240 Pier Avenue
Hermosa Beach, California 90254
Los Angeles CountyCommunity:
$5,300,000
0 br, 0.0 bath
1625 sq. ft.
0.000 acres
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. -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.
5 page Brochure Link:
Interior:
- Bedrooms: 0
- Baths: 0.0
- Sq Ft: 1625
- Year Built: 1976
- Utilities:
- Fireplaces:
- Stories:
- Heat/AC:
- Garage:
Exterior:
- Lot Size: 0.000 acre
- Lot Dimensions:
- View Types:
- Yard:
- Siding:
- Roof: Unknown
- MLS #: SB21173600
Contact Information:
Ad Number: 1849020
Viewed 330 times.
Updated: Jan 21, 2022
This property is a Commercial located at 240 Pier Avenue, Hermosa Beach, California 90254, and is currently Off Market at $5,300,000. This Commercial has 0 bedrooms, 0.0 baths, 1625 sq ft.