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Listed by Luis Gonzalez • Vista Sotheby’s International Realty
$ 875,000
Est. payment /mo
Active
12207 Hawthorne Hawthorne, CA 90250
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $437
MLS Listing ID CRSB25226010
HOA Y/N No
Year Built 1926
Lot Size 8,726 Sqft
Property Sub-Type Retail
Source Datashare California Regional
Property Description
Exceptional property with excellent 50 feet Hawthorne Blvd frontage visability, a 2-Unit Commercial Investment Opportunity with a Cap Rate Above 5.3 percent. Presenting an exceptional chance to own a versatile 2-unit commercial property located directly on the highly trafficked Hawthorne Boulevard, offering unparalleled visibility with daily traffic to range between 25,000 - 35,000 cars per day. The property includes a well-positioned 2,000 sq-ft. commercial building on an expansive 8,731 sq. ft. lot, with the ability to develop an additional large structure—creating immediate upside potential through increased rental income and property value. The existing tenant in the lease it is written that it will be allowed, when the Lessor/Owner is ready to build an additional building in the entry through Hawthorne Wy, (see concept building in pictures rendered) This will also be complimented with the zoning of this lot HAC2YY- a commercial zoning classification in Hawthorne, allowing retail and or restaurant uses. The build up of the property can be a restaurant or retail store. So let your building plans double the value of this property and bring double the annual rents. Current Property Highlights, Two Units: One unit will be delivered vacant—ideal for an owner-user or re-leasing
Location
State CA
County Los Angeles
Interior
Fireplace No
Building
Water Public
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