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555 N Spring St Los Angeles, CA 90012

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Ground-floor retail and restaurant space in prime location.

Type:Retail, Restaurant
Property size:
43,000 SF
Added:
Feb 14, 2023
Days on Market:
1141
Last Refresh:
Mar 17 at 1:19 pm

Property Features for 555 N Spring St

General Information

Standard status
Active
Size
43,000 SF
Property subtype
Retail, Restaurant

Building Details

Year Built
2019

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Listing Contact
Axel Erickson
Axel Erickson

Listing agent Axel Erickson License #CA 02159963

Listing office District Realty Group

Listing date Feb 14, 2023

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of District Realty Group


Overview

Retail and Restaurant Space Available

Located at the intersection of Cesar Chavez Avenue and North Spring Street, just north of the 101 Freeway and two blocks west of Union Station, this 425,000 square foot residential/commercial project, known as LA Plaza Village, offers 43,000 square feet of ground-floor retail and restaurant space along with 355 residential units. A defining characteristic is an east-west Paseo that highlights the area’s role as LA’s ultimate intersection. Beginning at the eastern Hill Street portion of the project, the Paseo will connect Union Fort Moore Memorial, LA Plaza de Cultura y Artes Museum, historic Olvera Street and El Pueblo de Los Angeles, leading into the existing throughway to Union Station. The Paseo connects the new development to its neighbors and brings together the cultural elements that distinguish this section of LA, including Chinatown, Far East Plaza, and Little Italy. The property benefits from a master Conditional Use Permit (CUB) for numerous full liquor licenses and build-to-suit options. Plentiful onsite parking is available, with customer validation packages. Co-tenants include CVS, Buffalo Wild Wings, First City Credit Union, Cesar Chavez Foundation, and La Plaza Cocina. Dedicated patio options and abundant shared courtyard space are available. The area experiences heavy automobile traffic and serves as a gateway to Chinatown, with steps to Union Station and City Hall. It is adjacent to Echo Park, Downtown LA, and the Civic Center District, which includes city, county, and federal complexes, providing a customer base of the greater Chinatown area and government employees.
Location Intelligence

Current Use by Public Records

ButlerBox @ La Plaza ... (Bike/Boat/Book/etc) Store AniMeme Apparel Clothing Store One Lux Stay ... Hotel & Motel ChargePoint Charging Station Electric Vehicle Charging Station TalkTales Entertainment Hotel & Motel

Suggested Use

Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Daycare Center Skin Care Clinic Food Market Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.2508722
Latitude
34.0462983

FAQs

What type of property is this?
Retail space - Ground-floor retail and restaurant space in prime location.
Where is this retail space located?
The property is located at 555 N Spring St Los Angeles, CA.
What are key features of this property?
This property features: Prime Location: Intersection of Cesar Chavez and North Spring, near the 101 Freeway and Union Station.; Extensive Retail and Residential Space: 43,000 sq ft of retail/restaurant space and 355 residential units.; Paseo Connectivity: Direct access to Union Station, Fort Moore Memorial, LA Plaza de Cultura y Artes Museum, Olvera Street, and El Pueblo de Los Angeles.
More about this property
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