Condominium buy in Hermosa Beach California

A Rare Commercial Opportunity! See updated "Downtown District" for mixed used. Time is running out for commercial property ownership in downtown Hermosa Beach, however, there is a rare opportunity to buy one of the last free-standing commercial lots on Pier Avenue. This highly desirable property is set on a prime corner at Pier Avenue and Monterey, right in the heart of town. The 5365 square foot lot not only offers ocean views but also a vast amount of foot traffic all year long in which to showcase your business or office building. Abe's Liquor is currently the tenant on the property, with a remaining 3.5 year lease earning $10,500 per month. The property includes a 1645 square foot building and a parking lot and offers significant development potential with this premium location. See the nearby recently constructed 205 Pier Avenue with eight units and underground parking when considering development potential. Call the agent for more details. NOTE: Feb 2, 2022 Special Planning Commission public hearing. Draft presented calling for "Downtown District" to be "mixed use," with retail on the bottom and residential on top. Check with the City of Hermosa Beach Planning Commission for verification. 5 page Brochure Link: [hidden]/file/d/1JlTmpLn7KmC61nHWm7xgnzCF6i9hmVEE/view?usp=sharing MLS® ID: SB21173600 Listed: 8/4/21 Updated: 10/16/22 Interior Features Total Bedrooms: 0 Total Bathrooms: 0 Laundry Description: None Heating: Forced Air Exterior/Building Features Lot Size: 5,365 ft2 lot Lot Details: 0-1 Unit/Acre Other Property Details Area Name: 148 - Hermosa Bch Sand Garage: No Parking: N Parking Total: 8.0 View: N County: Los Angeles Utilities: Electricity Connected, Sewer Connected, Water Connected Water Source: Public Pool: No Total Stories: 1 Property History Date Event Price Value 12/20/21 Price Change $5,300,000 106% Courtesy of Strand Hill Christies International Real Estate, William Mar, Listing Contact: Based on information from California Regional Multiple Listing Service, Inc. as of 10/16/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.