240 Pier Avenue Hermosa Beach CA 90254 | SB21173600

240 Pier Avenue
Hermosa Beach, CA, 90254
$5,300,000
0 Beds
0 Baths
0 SqFt
0 Acres
A Rare Commercial Opportunity! Time is running out for commercial property ownership in downtown Hermosa Beach, however, there is a rare opportunity to buy one of the last free-standing commercial lots on Pier Avenue. This highly desirable property is set on a prime corner at Pier Avenue and Monterey, right in the heart of town. The 5365 square foot lot not only offers ocean views but also a vast amount of foot traffic all year long in which to showcase your business or office building. Abe’s Liquor is currently the tenant on the property, with a remaining 3.5 year lease earning $10,500 per month. The property includes a 1645 square foot building and a parking lot and offers significant development potential with this premium location. See the nearby recently constructed 205 Pier Avenue with eight units and underground parking when considering development potential. Call the agent for more details.
Listing Provided Courtesy of William Mar at Strand Hill Christies International Real Estate | 310 545-0707

Property Details

Price:
$5,300,000
MLS #:
SB21173600
Status:
Active
Beds:
0
Baths:
0.00
Address:
240 Pier Avenue
Type:
Commercial
City:
Hermosa Beach
Listed Date:
Aug 5, 2021
State:
CA
ZIP:
90254
Year Built:
1976
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240 Pier Avenue
Hermosa Beach, CA