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    2500 Artesia Blvd Redondo Beach, CA 90278

    Sponsored
    For Sale
    $2,799,999

    Prime corner lot, vacant retail building.

    Property size:
    3,218 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Redondo Beach retail property presents a compelling value-add redevelopment opportunity. Located at 2500 Artesia Blvd, 90278, this 3,218 square foot building sits on a 9,758 square foot corner lot in Los Angeles County, zoned RBC-2-PD. Built in 1948, the single-story structure offers 15 parking spaces and is currently vacant, allowing for immediate occupancy. The asking price is $2,799,999, translating to $870.11 per square foot and $307.44 per square foot for the land. The property features a gross lease type with no tenant credit and a 50% occupancy rate as of May 1, 2023. The building has two units and is suitable for various uses, including a bar, convenience store, or restaurant. Its prime location ensures high visibility and significant daytime traffic. The property's potential for redevelopment and its possible suitability for licensed cannabis retail adds further investment appeal. The APN is 4157-001-023. This is a rare opportunity to acquire a well-positioned retail space in a thriving coastal community. The property can be delivered vacant at the close of escrow.

    Property Features for 2500 Artesia Blvd

    General Information

    Property type
    Restaurants
    Square Feet
    3,218 SF
    Class
    D

    Building Details

    Year Built
    1948
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • High‑visibility corner lot.
    • High‑traffic location with excellent daily exposure.
    • Secure gated parking.
    • Ample parking available.
    • Exceptional street visibility.
    • Prime beachfront proximity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Sandbox Smoke Shop Tobacco Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Redondo Beach
    County
    Los Angeles
    State
    California
    Longitude
    -118.36625431486
    Latitude
    33.872522444174

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    FAQs

    What type of property is this?
    Restaurant - Prime corner lot, vacant retail building.
    Where is this restaurant located?
    The property is located at 2500 Artesia Blvd Redondo Beach, CA.
    What is the asking price?
    The asking price for this property is $2,799,999.
    What are key features of this property?
    This property features: High-visibility corner lot.; High-traffic location with excellent daily exposure.; Secure gated parking.
    Request Owner's contact information
    2500 Artesia Blvd Redondo Beach, CA 90278
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2500 Artesia Blvd Redondo Beach, CA 90278
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