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715 Silver Spur Road, Rolling Hills Estates, CA 90274

Commercial property

715 Silver Spur Road, Rolling Hills Estates, CA 90274 Sold June 2023 CRMLS
$2,700,000Sold June 2023

Listing Agent: Caleb Baldwin (DRE #02056751) · Listing Office: Sage Real Estate · Contact: 562-400-7622 · Bought with: Justin Sidell · Dream Life Real Estate · MLS #PW21235139 · Source: CRMLS

7,603
Building Sq Ft
14
Units
4.36%
Cap Rate
$64,382
NOI
15,378 sqft
Lot Size
1961
Year Built
CG
Zoning
Commercial property
Type

About this commercial property

When was the last time you saw an opportunity to own a tremendous commercial property in the heart of the Palos Verdes Peninsula… NEVER! This property features a great mix of 14 office and retail suites and is located on the heavily trafficked Silver Spur Rd. Situated on a massive 15,000+ square foot lot with high visibility, this opportunity makes sense for investors and owner-users alike. The current vacant units offer contiguous suites that can be combined for larger offices. The location is impossible to beat, as the property is just a few steps to the Promenade on the Peninsula and Peninsula Center - home to restaurants, cafes, retail shopping, and more, which provide a lifestyle geared towards tenant attraction and retention. The opportunity features a very large parking lot equipped with 14 allotted spaces, making parking for the tenants and their patrons a breeze. Additionally, the commercial zoning (CG) allows for a plethora of uses, making it easy for a wide-array of businesses to make this their next location.

Listing description from the June 2023 sale, as reported to CRMLS.

Sale history

$2,700,000
Sold June 2023 · listed $2,900,000, on market October 2021 · MLS #PW21235139 · Source: CRMLS
Listing Agent: Caleb Baldwin · Listing Office: Sage Real Estate · Contact: 562-400-7622 · Bought with: Justin Sidell · Dream Life Real Estate
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