$2,700,000
$2,900,000
6.9%For more information regarding the value of a property, please contact us for a free consultation.
0.35 Acres Lot
SOLD DATE : 06/02/2023
Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21235139
Sold Date 06/02/23
HOA Y/N No
Year Built 1961
Lot Size 0.353 Acres
Property Description
When was the last time you saw an opportunity to own a tremendous commercial property in the heart of the Palos Verdes Peninsula… NEVER! This property features a great mix of 14 office and retail suites and is located on the heavily trafficked Silver Spur Rd. Situated on a massive 15,000+ square foot lot with high visibility, this opportunity makes sense for investors and owner-users alike. The current vacant units offer contiguous suites that can be combined for larger offices. The location is impossible to beat, as the property is just a few steps to the Promenade on the Peninsula and Peninsula Center - home to restaurants, cafes, retail shopping, and more, which provide a lifestyle geared towards tenant attraction and retention. The opportunity features a very large parking lot equipped with 14 allotted spaces, making parking for the tenants and their patrons a breeze. Additionally, the commercial zoning (CG) allows for a plethora of uses, making it easy for a wide-array of businesses to make this their next location.
Location
State CA
County Los Angeles
Area 175 - Peninsula Center
Zoning CG
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 16
Building
Lot Description 0-1 Unit/Acre, Irregular Lot, Street Level
Story 2
Water Public
Others
Tax ID 7589002007
Security Features Security Lights
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
Special Listing Condition Standard
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Bought with Justin Sidell • Dream Life Real Estate
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