947 Manhattan Beach Blvd Boulevard Manhattan Beach, CA 90266

Located in the heart of Manhattan Beach, this triple corner development site offers a unique opportunity. The property features 8,753 sq. ft. with approximately 79 feet of frontage and 107 feet of depth. Reminiscent of vintage Old Hollywood boutique-style offices and retail spaces, the site includes two one-story buildings positioned on either side of a lush central garden courtyard, with a 13-car parking lot at the rear. The property consists of two lots fronting Manhattan Beach Blvd to the corner, which have the two buildings and the garden area and a third lot off of Pine Ave which is the large parking lot which runs behind the two buildings. The property is commercially zoned and located within a City of Manhattan Beach overlay district that permits residential development, presenting a compelling redevelopment opportunity. One potential configuration includes a single-family residence on the rear Pine Avenue lot, with four townhomes on the two Manhattan Beach Boulevard front lots. A higher-density 10-unit condominium project may be possible if the parcels were merged. Additional development alternatives may include mixed-use projects or continued commercial use, subject to buyer verification and City of Manhattan Beach approval. The property currently consists of five units with long-term tenants, in a combination of retail and office space, offering excellent visibility and access. The property is comprised of 943 & 947 Manhattan Beach Blvd. and 1137 Pine Ave. The property size is 3,768 square feet.