$3,899,000
17000 Hawthorne Boulevard
Lawndale, CA, 90260
Property Description
Asking $3,899000For 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 OptionsThe 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 FACTSParcel # 4075-014-025High Traffic Counts – 50,000+ VPD 7,080 s.f. freestanding buildingLarge 14,358 SF Lot (.33 acres)18+ Parking Spaces2 Blocks from South Bay Galleria MallWalk Score: Very walkable (88)Retail / RestaurantYear Built: 1960 Parking ratio: 2.35 / 1,000 s.f.Hawthorne frontage: 118 linear feetAccess: Access from three sides, including the rear alleywayZoning is NC / Neighborhood commercial, Lawndale.INVESTMENT HIGHLIGHTSDEVELOPMENT 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.
Property Details
Price:
$3,899,000
MLS #:
V1-22171
Status:
Active
Baths:
0
Address:
17000 Hawthorne Boulevard
Type:
Commercial
Subtype:
Retail
City:
Lawndale
Listed Date:
Feb 28, 2024
State:
CA
ZIP:
90260
Year Built:
1960
Schools
Interior
Heating
Central
Exterior
Electric
220 Volts
Fencing
None
Parking Spots
20.00
Roof
Composition, Flat
Stories Total
1
Water Source
Public
Financial
Utilities
Cable Available, Water Connected, Sewer Connected, Phone Connected, Electricity Connected
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Courtesy of Century 21 Real Estate Alliance. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
17000 Hawthorne Boulevard
Lawndale, CA
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