Asking $3,899000

For Sale with abundant parking and high visibility on Hawthorne Blvd, this 7,080 s.f. building on a 14,358 s.f. parcel is just a short distance to the South Bay Galleria in beautiful Lawndale, renowned for its Alondra Community Park and South Bay Wedding Center. With easy access and a corner location, this desirable property is ideally suited for a restaurant or other vibrant retail business requiring onsite customer parking. The ground level, single story interior is wide open, with abundant windows facing Hawthorne Blvd.,

This property was leased on August 1, 2024 for $12,500 / month NNN on a two-year lease with two 2-year Options

The property benefits from over 40,000 vehicles a day passing by and is just 2 blocks from the intersection of Hawthorne and Artesia, which sees 110,000 vehicles a day, and is one of the busiest intersections in the South Bay area. A retail business here will be in the great company of nearby national retailers such as Starbuck's, Boston Market, Walgreens, CVS, and Chase Bank. Prospective retailers can also look forward to the nearby South Bay Galleria's planned remodel and Metro Link's expansion to attract and generate an even greater customer base. For destination-oriented retailers, this location is just a few blocks away from the 405 Freeway.

The owner has plans for a mixed-use development opportunity comprised of retail space on the ground floor, 35 apartments above, and underground parking below. For prospective developers, these plans can be made available and included in the purchase. The property is also located in a Qualified Opportunity Zone, which offers potential tax incentives to investors / developers.


SALIENT FACTS
Parcel # 4075-014-025
High Traffic Counts - 50,000+ VPD
7,080 s.f. freestanding building
Large 14,358 SF Lot (.33 acres)
18+ Parking Spaces
2 Blocks from South Bay Galleria Mall
Walk Score: Very walkable (88)
Retail / Restaurant
Year Built: 1960
Parking ratio: 2.35 / 1,000 s.f.
Hawthorne frontage: 118 linear feet
Access: Access from three sides, including the rear alleyway
Zoning is NC / Neighborhood commercial, Lawndale.

INVESTMENT HIGHLIGHTS
DEVELOPMENT OPPORTUNITY: Landlord has approved plans to build 35 apartment units with ground-floor retail and underground parking.
OPPORTUNITY ZONE: Located in a Qualified Opportunity Zone offering potential tax incentives.