Commercial property · 2 recorded sales since 2024
Listing Agent: Nicole Lu (DRE #02045957) · Listing Office: Maher Commercial Realty · Contact: 310-464-1453 · Bought with: Subscriber Non · Non-Participant Office · MLS #24389947 · Source: CRMLS
We are pleased to present this unique opportunity to purchase a +/- 4,000 square foot retail building. The building is situated on a +/- 4,290 square foot lot, zoned LCC3 and located in South Los Angeles. Can be delivered vacant or with LOI's in hand offering an approximate 7.7% in-place cap rate upon purchase. Successful Hardware Store with an Estimated $360,000 in equipment sold with Property (no cost for inventory to successful Buyer). Perfect for Owner-User/Investor. Strategically positioned between 7-Eleven and El Super (rapidly expanding supermarket chain), the subject property enjoys prime visibility and accessibility. Just east of Firestone Blvd and Central Ave, this intersection is the main retail corridor serving the surrounding 53,000 single-family homes with an average of 4.2 persons per household in a 2-mile radius. From national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto repair, florist, barbershop, mobile phone provider, and church, 1118 Firestone is in the center of it all.
Listing description from the November 2024 sale, as reported to CRMLS.