939 Manhattan Beach Blvd - Freestanding FOR SALE


Manhattan Beach, CA 90266
$3,200,000 USD
310-880-1151
939 Manhattan Beach Blvd, Manhattan Beach, CA for Sale
$3,200,000 USD
Freestanding - FOR SALE
1/21
null | 2.15% Cap Rate

939 Manhattan Beach Blvd
Manhattan Beach, CA 90266


HIGHLIGHTS

  • Prime Manhattan Beach Location with frontage on Manhattan Beach Blvd, minutes from the Manhattan Beach Pier
  • Unique Mixed-Use Building with retail, office and residential uses currently - CL Zoning allows broad uses (residential use not permitted now)
  • Ideal Owner-User to occupy the entire building, lease back a portion or as a Leased Investment Property
  • Tenants are on a month-to-month basis providing an opportunity for new owner to renew existing tenant leases or reconfigure the space, or redevelop
  • Tax assessor building square footage has a larger building area than 2,840 square feet

OVERVIEW

Just minutes from the iconic Manhattan Beach Pier, this mixed-use gem offers unmatched visibility and potential on high-traffic Manhattan Beach Boulevard. Set within the CL zoning district which allows a wide range of uses, the property currently features a rare blend of retail and warehouse/garage that has a residential loft,—providing a versatile platform for owner-users, investors. (Note: the residential loft area is approximately 400 square feet is not permitted for residential uses, and should be used for storage, as it is in the garage/warehouse.) The entire building is currently occupied on a month-to-month basis by one tenant, and the owners operating the ground floor business. The property can be delivered vacant at the close of escrow, giving a new owner the freedom to occupy the property, procure new tenants, reconfigure the interior layout, or fully reposition the asset for office and a variety of business uses. Whether you're looking to occupy the space, lease back a portion, or redevelop, this is a blank canvas in one of the most sought-after beach cities in Southern California. With tax records reflecting a larger building area than the stated 2,840 rentable square feet (seller does not warranty or represent the square footage, but the assessor records indicate 3,428 square feet). There's even more potential to unlock value in this premier property. Don't miss your chance to secure a standout investment in Manhattan Beach’s thriving commercial corridor.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$963 USD /SF

CAP RATE

2.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Office, Warehouse, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,146 SF

ZONING

MNCL

APN/PARCEL ID

4170-010-014

ASK ABOUT THIS PROPERTY

Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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Stephen LampeRE/MAX Commercial & Investment RealtyMore Info
310-880-1151

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