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$5,300,000
173 Days Online

240 Pier Avenue
Hermosa Beach, CA 90254

For Sale|Commercial|Active
0
Beds
0
Full Baths
0
Partial Baths
1,625
SqFt
$3,262
/SqFt
1976
Built
County:
Los Angeles
Listed by William Mar of Strand Hill Christies International Real Estate

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240 Pier Avenue240 Pier Avenue240 Pier Avenue240 Pier Avenue
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A Rare Commercial Opportunity! 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: Check with the City of Hermosa Beach Planning Commission as there is a potential for this area to be rezoned to "mixed use," with retail on the bottom and residential on top. 5 page Brochure Link: https://drive.google.com/file/d/1JlTmpLn7KmC61nHWm7xgnzCF6i9hmVEE/view?usp=sharing

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Listing Snapshot
Price 
$5,300,000
Days Online 
173 Days
Bedrooms 
N/A
Inside Area (SqFt) 
1,625 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.12 Acres
Year Built 
1976
MLS Number 
SB21173600
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
a month agoListing updated with changes from the MLS
a month agoPrice changed to $5,300,000
6 months agoListing first seen online
General Features
Construction 
Stucco
Parking Spaces 
8
Electric 
Standard
Number of Stories 
1
Acreage 
0.12
Water 
Public
Property Sub Type 
Retail
Attached Garage 
No
Utilities 
Electricity ConnectedSewer ConnectedWater Connected
Listing Conditions 
Standard
Interior Features
Heating 
Forced Air
Laundry Features 
None
Fireplace 
No
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Exterior Features
Spa 
No
Waterfront Property 
No
Waterfront Features 
Beach AccessOcean Access
Lot 
Item01 Unit Acre
Community Features
MLS Area 
148 - Hermosa Bch Sand


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
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