17025 Hawthorne Blvd - Auto Dealership FOR SALE


Lawndale, CA 90260
$975,000 USD
310-422-4309
17025 Hawthorne Blvd, Lawndale, CA for Sale
$975,000 USD
Auto Dealership - FOR SALE
1/12
null | Request Cap Rate

17025 Hawthorne Blvd
Lawndale, CA 90260


HIGHLIGHTS

  • Prime corner location with Alley access and two curb cuts for flexibility
  • Investment - Owner User or Value Add with development options
  • Approximately 8,000 sf lot - 65 ft frontage on Hawthorne x 122 ft on 171st
  • Land value pricing at $137.50 per foot
  • Desirable location bordering Redondo and Torrance
  • Surrounded by new developments with new projects on the way

OVERVIEW

Great corner high exposure location on a major commercial corridor within a few blocks of the Galleria on Artesia and the 405 freeway. Current tenant is month to month with a desire to continue at this location. The options are numerous with flexibility for an investor to sign a new lease, for a developer to recreate a new project or an owner user to step in and take advantage of this tremendous location. There are two curb cuts - one in front on Hawthorne and one on 171st with alley access providing even more flexibility for future development. Lease contract rent is $4,400 p/m gross with a used car sales business (notice has been given to vacate the property and it will be delivered vacant at the close of escrow). The sales office exterior measures approximately 661 sf while the net leasable is 564 sf. The property is being sold at a land value at $122.44 per foot for a premium corner location on the border of Lawndale, Redondo Beach and Torrance - two blocks from the new proposed developments at the Galleria location on Hawthorne Blvd and Artesia Blvd.

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$1,729 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Elite Motors - Auto Sales and Rental

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

40

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

LNC3

APN/PARCEL ID

4081-029-032

ASK ABOUT THIS PROPERTY

Michael TalbotRE/MAX Estate PropertiesMore Info
310-422-4309

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Michael TalbotRE/MAX Estate PropertiesMore Info
310-422-4309

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.