A Rare Commercial Opportunity! See updated *Downtown District*

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Commercial Off Market

240 Pier Avenue

Hermosa Beach, California 90254

Los Angeles County

Community: 

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$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
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Contact Information:
Beach Commercial Off Market in Hermosa Beach, California
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.

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