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$5,000,000
240 Pier Ave, Hermosa Beach, CA 90254
0 Beds
0 Baths
1,625 sqft

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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.
  • Price:
  • $5,000,000
  • Square Footage:
  • 1,625
  • Acreage:
  • 0.12
  • Year Built:
  • 1976
  • Listing ID #:
  • SB21173600
  • Street Address:
  • 240 Pier Ave
  • City:
  • Hermosa Beach
  • State:
  • California
  • Postal Code:
  • 90254
  • County:
  • Los Angeles
  • Community:
  • Hermosa Bch Sand
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Construction Description:
  • Stucco
  • Stories:
  • 1
  • Total Building Square Footage:
  • 1625
  • Year Built:
  • 1976
  • Business Type:
  • Liquor Store
  • Approximate Lot Size Range Source:
  • Assessor
  • Lot Features:
  • 0-1 Unit/Acre
  • Lot Size:
  • 5365
  • Lot Square Footage:
  • 5365
  • On Market Date:
  • 2021-08-06
  • Originating Mls:
  • Crmls
  • Terms:
  • Cash To New Loan
  • Parking Spaces:
  • 8
  • Electricity:
  • Standard
  • Existing Water:
  • Public
  • Heating:
  • Forced Air
  • Waterfront Description:
  • Beach Access, Ocean Access
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Provided By William Mar of Strand Hill Christies International Real Estate
  • CACRMLS

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