2934 N Broadway - Storefront FOR SALE


Los Angeles, CA 90031- Lincoln Heights
$2,499,000 USD
818-355-4906
2934 N Broadway, Los Angeles, CA for Sale
$2,499,000 USD
Storefront - FOR SALE
1/14
null | 6.23% Cap Rate

2934 N Broadway
Los Angeles, CA 90031
Lincoln Heights


HIGHLIGHTS

  • 6 Retail Spaces
  • 14 Parking Spaces
  • Billboard/Landmark Signage
  • Renovated in 2020
  • Frontage: 118' x 125'
  • Prime Lincoln Heights

OVERVIEW

We are pleased to present an exceptional investment opportunity with this prime retail storefront located in the highly sought-after area of Lincoln Heights. This standout asset, featuring approximately 7,984 square feet of building space, is situated on a generous 12,522 square feet of land. It includes 14 surface parking spaces, offering ample parking for both customers and staff. Originally constructed in 1930, the property has undergone thoughtful renovations in 2020 to modernize its facilities while preserving its unique architectural appeal. It is strategically positioned in an area with a high traffic count, ensuring maximum exposure for any business. Nestled in one of the most desirable locales of Lincoln Heights, this property benefits from both its historic charm and vibrant, dynamic neighborhood. The area is renowned for its accessibility and high visibility, which is further enhanced by a significant daily traffic count of over 27,738 vehicles. This property offers a rare combination of size, location, and accessibility, making it a highly desirable option for investors and businesses looking to capitalize on Lincoln Heights' growth and commercial appeal. The recent renovations and strategic position ensure that this property stands out as a superior choice for those seeking a presence in one of the city's most appealing districts. This property features a prominently positioned, grandfathered billboard—a rare and valuable asset that offers unparalleled visibility and exposure. The billboard serves as a powerful advertising platform, capable of generating significant revenue or enhancing the visibility of a business located on the property. Its grandfathered status ensures compliance with regulations, making it a long-term, worry-free investment for maximizing exposure. This retail storefront is not just a space, but a potential cornerstone for thriving retail operations in a bustling community. Its prominent location, coupled with robust traffic flows and substantial consumer exposure, makes it an ideal choice for retail businesses aiming for growth and visibility in a supportive commercial environment.

FOR SALE DETAILS

PRICE

$2,499,000 USD

PRICE/SF

$311 USD /SF

CAP RATE

6.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Financing Options Available

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,522 SF

ZONING

LAC4

APN/PARCEL ID

5204-024-001

ASK ABOUT THIS PROPERTY

Karine AslanianThe AgencyMore Info
818-355-4906

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Karine AslanianThe AgencyMore Info
818-355-4906

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