2500 Artesia Blvd Redondo Beach, CA 90278
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Prime corner lot, vacant retail building.
Property size:
3,218 SFProperty Features for 2500 Artesia Blvd
General Information
- Property type
- Grocery and convenience stores
- Square Feet
- 3,218 SF
- Class
- D
Building Details
- Year Built
- 1948
- Buildings
- 1
- Stories
- 1
- Units
- 2
Listing Agent: Darryll Hamilton
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
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 Profile
Insight Report
Location Intelligence
Current Use by Public Records
Sandbox Smoke Shop
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Redondo Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.36625431486
- Latitude
- 33.872522444174
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Prime corner lot, vacant retail building.
Where is this grocery and convenience store 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.
