654 N Manhattan Pl - Medical FOR SALE


Los Angeles, CA 90004- East Hollywood
$1,850,000 USD
805-338-9232
654 N Manhattan Pl, Los Angeles, CA for Sale
$1,850,000 USD
Medical - FOR SALE
1/8
null | Request Cap Rate

654 N Manhattan Pl
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • Property will be vacated by the current tenant before close of escrow (or no later than 3 months after closing)
  • C2 zoning and excellent parking ratio allows for many uses: office, medical office, retail, gym, dispensary and more
  • Qualifying owner users occupying 51% or more of the property can obtain SBA financing with only 10% down payment
  • Located in LA’s trendy Melrose Hill area
  • Easily accessible via 101 Freeway and visible from prime Melrose Blvd
  • Recently upgraded property with attractive storefront and gated lot

OVERVIEW

PRICE REDUCED ! NAI Capital Commercial is pleased to present 654 N Manhattan Pl, a single tenant commercial building that is perfect for retail, office, or medical office. The asset is located in Los Angeles’s trendy Melrose Hill area. Previously leased to a high-end commercial cannabis dispensary, the offering is a beautifully designed retail storefront that presents a multitude of opportunities for creative users seeking to enter into one of Los Angeles’ most desirable markets. The subject property features a 1,677 SF stand-alone building on a 0.14 AC (6,258 SF) lot. The fully gated property features 7 parking spaces, ADA accessibility, and many recent upgrades to the space. Originally built in 1913, the property has been recently upgraded and renovated. It is zoned LAC2, allowing for a wide variety of commercial uses. Easily accessible via the 101 and freeway, it also has an unusual and highly desirable Walk Score of 94 – “Walker’s Paradise.” Building signage is visible from the heavily trafficked Melrose Ave, with traffic counts at Melrose and Western of +/- 39,066 vehicles per day. Qualifying owners seeking to occupy the property with their own business can acquire SBA financing with as little as 10% down payment. 654 N Manhattan presents an incredible opportunity for any new owner’s creative vision: whether you are seeking to open the next great restaurant in the heart of Melrose Hill’s culinary scene, a thoughtfully appointed art gallery, a gym, medical space, creative office, or even another cannabis use – the only limitations are a new owners’ imagination.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$1,103 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1913

SPRINKLERS

-

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,258 SF

ZONING

LAC2

APN/PARCEL ID

5522-010-002

ASK ABOUT THIS PROPERTY

Rose O'SullivanNAI CapitalMore Info
805-338-9232

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Rose O'SullivanNAI CapitalMore Info
805-338-9232

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