616 N Robertson Blvd - Storefront Retail/Office FOR SALE


West Hollywood, CA 90069
$7,500,000 USD
310-999-1117
616 N Robertson Blvd, West Hollywood, CA for Sale
$7,500,000 USD
Storefront Retail/Office - FOR SALE
1/15
null | Request Cap Rate

616 N Robertson Blvd
West Hollywood, CA 90069


HIGHLIGHTS

  • Appx 3,406 SF Parcel with 4,799 SF of Improvements Over Two Stories
  • Ground Floor 2nd Gen Restaurant + Covered Patio
  • 2nd Floor Features 3 Separate Office Suites w/ Shared Outdoor Space
  • Type-47 Liquor License
  • Hours of Operation: 10 am - 2 am, 7 Days a Week

OVERVIEW

As exclusive advisors, Avison Young is proud to present this exceptionally rare opportunity to acquire a premier mixed-use asset in the heart of West Hollywood. Situated on coveted Robertson Boulevard, the Property enjoys a highly visible location at the intersection of West Hollywood’s renowned design, dining, fashion, and entertainment districts. The Property is surrounded by an impressive collection of luxury retailers and iconic destinations including Acne Studios, Chrome Hearts, Maxfield, Craig’s, Cecconi’s, Bottega Louie, Gracias Madre, Drake’s Hollywood, DOGPOUND, Hauser & Wirth, the Pacific Design Center, and West Hollywood Park & Aquatics Center. Offering exceptional flexibility for investors and owner-users alike, the Property consists of a 3,406-square-foot parcel improved with approximately 4,799 square feet across two stories. The ground floor features a fully built-out restaurant space with liquor service, commercial kitchen, and covered patio frontage along Robertson Boulevard, and is currently vacant, providing an immediate opportunity for an owner-user or tenant repositioning strategy. The second floor is accessed via a private entrance on El Tovar Place and consists of three office suites currently occupied by month-to-month tenants, allowing for near-term occupancy flexibility while providing interim income. This unique configuration presents an ideal opportunity for an owner-user to occupy all or a portion of the Property while benefiting from existing rental income. Ample parking is available in the adjacent West Hollywood public parking structure as well as along Robertson Boulevard and Melrose Avenue.

FOR SALE DETAILS

PRICE

$7,500,000 USD

PRICE/SF

$1,563 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

WDC1A

APN/PARCEL ID

4336-007-033

ASK ABOUT THIS PROPERTY

Christopher BonbrightAvison YoungMore Info
310-999-1117

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Christopher BonbrightAvison YoungMore Info
310-999-1117

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