2003 Marine Ave - Auto Repair FOR SALE


Gardena, CA 90249
$1,390,000 USD
310-806-6119
2003 Marine Ave, Gardena, CA for Sale
$1,390,000 USD
Auto Repair - FOR SALE
1/15
null | 5.69% Cap Rate

Jun '29


2003 Marine Ave
Gardena, CA 90249


HIGHLIGHTS

  • *Limited Stock: Auto sites are becoming more and more rare as the city of Gardena has changed zoning over time and are regulating the sector.
  • (Auto use here is currently Grandfathered in)
  • Strong Traffic Exposure – ±17,505 Vehicles Per Day | Corner Fenced Lot with Prominent Signage, strong visibility and consumer access
  • Classified as “Best Location” with a (93) Location Score, reflecting strong positioning within Gardena
  • "True NNN" Income cash flow - Proven location @ a 5.69% cap with annual increases
  • Income-Producing – $6,592/Month NNN | $79,104 Annnual | Phase II available upon request from 2021

OVERVIEW

Income just went up and will continue to rise ! Proven successful location and Amazon Proof - steady income stream. Collect annual income of $79,104 from a highly visible corner commercial property offering in-place income stability in the heart of Gardena. Situated on a signalized corner with dual frontage on (100SF) Marine Avenue and (110 SF) Gramercy Place, the property benefits from strong street presence and accessibility. The site features a ±960 SF freestanding retail/auto service building positioned on a generous ±11,005 SF lot, providing ample surface parking and functional circulation, along with alley access for additional ingress/egress and operational flexibility. Phase II available upon request from 2021. Property is grandfathered in for continuing it's business use. These auto sites are becoming more and more rare as the city has changed zoning and the sites are limited.

FOR SALE DETAILS

PRICE

$1,390,000 USD

PRICE/SF

$1,448 USD /SF

CAP RATE

5.69%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station, Storefront Retail/Residential, undefined

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

GAC3

APN/PARCEL ID

4062-013-018

ASK ABOUT THIS PROPERTY

Kevin Kawaoka, CCIMNAI CapitalMore Info
310-806-6119

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Kevin Kawaoka, CCIMNAI CapitalMore Info
310-806-6119

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