240 Pier Avenue Hermosa Beach, CA 90254
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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
|a month ago||Listing updated with changes from the MLS|
|a month ago||Price changed to $5,300,000|
|6 months ago||Listing first seen online|