2706-2708 Artesia Blvd - Storefront Retail/Office FOR SALE


Redondo Beach, CA 90278- North Redondo Beach
$2,800,000 USD
424-999-7562
2706-2708 Artesia Blvd, Redondo Beach, CA for Sale
$2,800,000 USD
Storefront Retail/Office - FOR SALE
1/16
null | 3% Cap Rate

2706-2708 Artesia Blvd
Redondo Beach, CA 90278
North Redondo Beach


HIGHLIGHTS

  • Owner/user or investment opportunity to purchase an 80% leased, two-story storefront retail and office property at 2706-2708 Artesia Boulevard.
  • High visibility and exposure on a prominent corner location with 51 feet of frontage on Artesia Boulevard and 131 feet on Inglewood Avenue.
  • With a newly renovated, vacant 1,550-square-foot space, this facility is ideal for a boutique, convenience store, or service-based business.
  • Nearby retailers include Target, Nordstrom Rack, 24-Hour Fitness, Chick-fil-A, The Coffee Bean & Tea Leaf, CVS, and Trader Joe's.

OVERVIEW

Available as an investment or an owner/user opportunity, discover a newly remodeled two-story commercial building spanning 3,500 square feet at 2706-2708 Artesia Boulevard in Redondo Beach, California. Current occupancy at the storefront retail/office complex indicates that the first floor has a vacant 1,550-square-foot space, while the second floor is 80% occupied. The 0.15-acre site is zoned RBC-2, accommodating a range of uses, including banks, flower shops, food and beverage sales, liquor stores, offices, convenience stores, boutique shopping, salons, and more. City approval is required for any new tenant to move into the building. There is ample on-site parking available, with 12 spots, and street parking is also nearby. Situated at the bustling intersection of Artesia Boulevard and Inglewood Avenue, this property benefits from a daily traffic flow of 70,719 vehicles. Just a block away lies the South Bay Galleria, anchored by major retailers such as Macy's, AMC, and Kohl's, along with a variety of other prominent shops, entertainment venues, and dining options. Within a 3-mile radius, the median household income stands at $103,863, contributing to over $3.9 billion in consumer spending. The primary spending categories in this area include Food & Alcohol, Transportation & Maintenance, and Household. 2706-2708 Artesia Boulevard presents a unique opportunity for investors or businesses to thrive in a vibrant, high-traffic area with outstanding amenities and growth potential.

FOR SALE DETAILS

PRICE

$2,800,000 USD

PRICE/SF

$800 USD /SF

CAP RATE

3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

RBC-2

APN/PARCEL ID

4082-001-036

ASK ABOUT THIS PROPERTY

Michael GillMichael Gill, BrokerMore Info
424-999-7562

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

Michael GillMichael Gill, BrokerMore Info
424-999-7562

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