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Key Details
Sold Price $2,700,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW21235139
Year Built 1961
Lot Size 0.353 Acres
Property Description
When was the last time you saw an opportunity to own a tremendous commercial property in the heart of the Palos Verdes Peninsula… NEVER! This property features a great mix of 14 office and retail suites and is located on the heavily trafficked Silver Spur Rd. Situated on a massive 15,000+ square foot lot with high visibility, this opportunity makes sense for investors and owner-users alike. The current vacant units offer contiguous suites that can be combined for larger offices. The location is impossible to beat, as the property is just a few steps to the Promenade on the Peninsula and Peninsula Center - home to restaurants, cafes, retail shopping, and more, which provide a lifestyle geared towards tenant attraction and retention. The opportunity features a very large parking lot equipped with 14 allotted spaces, making parking for the tenants and their patrons a breeze. Additionally, the commercial zoning (CG) allows for a plethora of uses, making it easy for a wide-array of businesses to make this their next location.
Location
State CA
County Los Angeles
Area 175 - Peninsula Center
Zoning CG
Interior
Cooling Wall/Window Unit(s)
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Flat
Building
Lot Description 0-1 Unit/Acre, Irregular Lot, Street Level
Story 2
Water Public
Others
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Special Listing Condition Standard
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Bought with Justin Sidell • Dream Life Real Estate