840 Spring St Los Angeles, CA 90014
- Retail properties
- 5,356 SF
Current Use by Public Records
- Polanquito / Mexican Restaurant
- Polanco DTLA Modern Mexican Steakhouse / Mexican Restaurant
Property Details for 840 Spring St
- Year built
- 1966
- Property size
- 5,356 SF
- Property type
- Retail properties
- Property subtype
- Restaurants
Description
This exceptional Downtown Los Angeles restaurant presents a unique investment opportunity. The 5,356 square foot, two-story building, constructed in 1966 and extensively renovated in 2016, boasts a prime location at the signalized corner of Spring and Main Streets. The property features a fully built-out restaurant with a bar and two outdoor patios, reflecting a significant investment in its build-out. The "Flat Iron" building's distinctive architecture adds to its appeal. Situated on a 3,180 square foot lot, the property is zoned LAC2. The asking price is $3,350,000, translating to $625.47 per square foot. This owner/user opportunity is ideal for an established restaurant operator seeking a high-visibility location or an investor looking for a turnkey operation in a thriving downtown area. The property's single building structure and convenient location offer significant advantages. This is a rare chance to acquire a well-established restaurant in a highly desirable and visible location.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.254
- Latitude
- 34.0423
