17000 Hawthorne Boulevard, Lawndale, CA 90260
  • MLS#: V1-22171 ( Retail )
  • Street Address: 17000 Hawthorne Boulevard
  • Viewed: 3
  • Price: $3,899,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1960
  • Bldg sqft: 0
  • Days On Market: 262
  • Additional Information
  • County: LOS ANGELES
  • City: Lawndale
  • Zipcode: 90260
  • Provided by: Century 21 Real Estate Alliance
  • Contact: Andrew Andrew
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Assetclass
  1. Retail
  2. Specialty
Building Area Total
  1. 7080.00
Commoninterest
  1. Co-Ownership
Construction Materials
  1. Frame
  2. Stucco
Country
  1. US
Electric
  1. 220 Volts
Fencing
  1. None
Heating
  1. Central
Land Use
  1. Other
  2. Retail
Laundry Features
  1. None
Parcel Number
  1. 4075014025
Property Type
  1. Retail
Retail Square Footage
  1. 7080
Roof
  1. Composition
  2. Flat
Signage
  1. Sign on Building
Totalbuildingnra
  1. 7080
Totalmonthlyrent
  1. 16000
Uncovered Spaces
  1. 20.00
Utilities
  1. Cable Available
  2. Water Connected
  3. Sewer Connected
  4. Phone Connected
  5. Electricity Connected
Water Source
  1. Public
Year Built
  1. 1960
Year Built Source
  1. Public Records
Zoning
  1. Neighborhood Commercial