Listed by William Mar, Strand Hill Christies International Real Estate,

240 Pier Avenue

Hermosa Beach, CA, 90254

$5,300,000

$3,261 per ft²
$5,300,000
$3,261 per ft²
Active
Active
 - For Sale
carpenters-square
1,625 ft²
property_type
Commercial
calendar
Built 1976
A Rare Commercial Opportunity! See updated "Downtown District" for mixed used. 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. NOTE: Feb 2, 2022 Special Planning Commission public hearing. Draft presented calling for "Downtown District" to be "mixed use," with retail on the bottom and residential on top. Check with the City of Hermosa Beach Planning Commission for verification. 5 page Brochure Link: https://drive.google.com/file/d/1JlTmpLn7KmC61nHWm7xgnzCF6i9hmVEE/view?usp=sharing
MLS® ID:
SB21173600
Listed:
8/4/21
Updated:
9/26/22
Compass
Accardo Real Estate Company

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
None
Heating
Forced Air

Exterior/Building Features

Lot Size
5,365 ft² lot
Lot Details
0-1 Unit/Acre

Other Property Details

Area Name
148 - Hermosa Bch Sand
Garage
No
Parking
N
Parking Total
8.0
View
N
County
Los Angeles
Utilities
Electricity Connected, Sewer Connected, Water Connected
Water Source
Public
Pool
No
Total Stories
1

Property History

Date
Event
Price
Value
12/20/21
Price Change
$5,300,000
106%

 

Listed by William Mar, Strand Hill Christies International Real Estate,

Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

©2022 California Regional Multiple Listing Service. All rights reserved.

Data last updated 2:41 AM UTC, 9/26/22

Compass
Accardo Real Estate Company
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