Pacific Coast Hwy Hwy Lomita, CA 90717
- Retail properties
- 924 SF
- 0.40 lot acres
Current Use by Public Records
- Retail properties
Property Details for Pacific Coast Hwy Hwy
- Year built
- 1964
- Lot size
- 0.40 lot acres
- Property size
- 924 SF
- Property type
- Retail properties
Description
This exceptional commercial property presents a rare opportunity to own a significant piece of the iconic Pacific Coast Highway in Lomita, California. Boasting 924 square feet on a sizable 0.4-acre corner lot, this property offers 90 feet of prime frontage along the bustling PCH (CA Route 1). Currently operating as a used car dealership, the property is zoned commercial and provides immense flexibility for future development. The seller has already developed concept drawings and plans for a potential drive-thru establishment, showcasing the property's adaptability to a variety of businesses. This presents a unique chance to capitalize on the high visibility and traffic volume associated with this coveted location. The property will be delivered vacant upon close of escrow, allowing for immediate occupancy or redevelopment. The sale includes three parcels: 7553-007-054, 7553-007-016, and 7553-007-053, providing a consolidated and easily managed ownership. With its strategic location, substantial size, and existing infrastructure, this property is an ideal investment for both seasoned developers and astute business owners seeking a high-impact location on one of California's most recognizable roadways. The asking price is $2,999,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lomita
- County
- Los Angeles
- State
- California
- Longitude
- -118.316
- Latitude
- 33.794
