Homes for sale - 17000 Hawthorne BLVD, Lawndale, CA 90260

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Michelle Butler

[email protected] +1(310) 770-7330

$ 3,899,000

Est. payment -/mo

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17000 Hawthorne BLVD Lawndale, CA 90260

UPDATED:

09/30/2024 05:54 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID V1-22171

HOA Y/N No

Year Built 1960

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.

Location

State CA

County Other

Zoning Neighborhood Commercial

Interior

Heating Central

Fireplace No

Laundry None

Exterior

Fence None

Utilities Available Cable Available, Electricity Connected, Phone Connected, Sewer Connected, Water Connected, Overhead Utilities

Roof Type Composition,Flat

Total Parking Spaces 20

Building

Lot Description Corners Marked, Level, Paved, Sprinklers None, Street Level, Walkstreet

Dwelling Type Flex,Mixed Use,Retail

Story 1

Water Public

Others

Tax ID 4075014025

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard

Listed by Andrew Adler • Century 21 Real Estate Alliance

Michelle Butler

+1(310) 770-7330

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