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A Rare Commercial Opportunity! See updated *Downtown District*

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Commercial For Sale

240 Pier Avenue

Hermosa Beach, California 90254

Los Angeles County

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$5,300,000 0 br, 0.0 bath 1625 sq. ft. 0.000 acres Ad # 1849020

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.
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: 
  • Waterfront: No
  • View Types: 
  • Yard: 
  • Siding: 
  • Roof: Unknown
  • Property Taxes: 
  • HOA Fee: $0.00
  • MLS #: SB21173600
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Beach Commercial For Sale in Hermosa Beach, California

Ad Number: 1849020

Viewed 138 times.

Updated: Jan 21, 2022

This property is a Commercial located at 240 Pier Avenue, Hermosa Beach, California 90254, and is currently For Sale at $5,300,000. This Commercial has 0 bedrooms, 0.0 baths, 1625 sq ft.

Listing Agent: William Mar, Strand Hill | Christie's International Real Estate, 310-801-2982 Listing Site
Copyright © 2022 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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