5400 Broadway, Los Angeles, CA 90037
2,326 SF | Vacant | Retail Building | Los Angeles, CA 90037 | $899,000 ($387/SF)
For Sale
Active
Asking Price $899,000
- Property Type
-
Retail
- Square Feet
- 2,326 SF
- Price / Square Foot
- $387
Listing Contacts
Dario Svidler
Jonathan Tran
Property Overview
REDUCED TO SELL! Partners CRE is proud to exclusively present for sale a free-standing Retail Property with Development Potential, perfect for owner-user, investor, or developer!
This prime retail property is situated on a signalized corner on Broadway at 54th Street. The property benefits from tremendous visibility, featuring 50 feet of frontage on Broadway and 130 feet on 54th St. The property is currently owner-occupied and will be delivered vacant at the close of escrow. The property is currently operating as a Marijuana Dispensary.
The property is ED1 Eligible.
The site is perfectly suited for an Owner-User and seems well situated for the possibility of housing a Marijuana Dispensary or other Marijuana Use. The property’s generous parking provisions is comprised of 9 side-by-side parking spaces, (including one accessible space) as well as a tandem space that can accommodate up to 3 vehicles.
The owner has invested in significant capital improvements as the property has undergone thoughtful updates over the years, including the installation of newer windows, electrical system enhancements, and a completely paid-off Solar Panel System.
The C2-1VL- CPIO Tier 2 zoning designation allows for potential development of up to 28± Units, which would translate to just around $32K per door, making the site perfect for Low Income Housing.
The property has easy access to the 110 freeway, a Very Walkable designation by Walk Score and lots of restaurants and retail in the area.
The building features roll-down doors, protected windows and gated parking, ensuring both safety and convenience for its future occupants.
This prime retail property is situated on a signalized corner on Broadway at 54th Street. The property benefits from tremendous visibility, featuring 50 feet of frontage on Broadway and 130 feet on 54th St. The property is currently owner-occupied and will be delivered vacant at the close of escrow. The property is currently operating as a Marijuana Dispensary.
The property is ED1 Eligible.
The site is perfectly suited for an Owner-User and seems well situated for the possibility of housing a Marijuana Dispensary or other Marijuana Use. The property’s generous parking provisions is comprised of 9 side-by-side parking spaces, (including one accessible space) as well as a tandem space that can accommodate up to 3 vehicles.
The owner has invested in significant capital improvements as the property has undergone thoughtful updates over the years, including the installation of newer windows, electrical system enhancements, and a completely paid-off Solar Panel System.
The C2-1VL- CPIO Tier 2 zoning designation allows for potential development of up to 28± Units, which would translate to just around $32K per door, making the site perfect for Low Income Housing.
The property has easy access to the 110 freeway, a Very Walkable designation by Walk Score and lots of restaurants and retail in the area.
The building features roll-down doors, protected windows and gated parking, ensuring both safety and convenience for its future occupants.
Property Details
- Class
- C
- Year Built
- 1935
- Stories
- 1
- Property Subtype
- Storefront, Grocery/Convenience Store, Drug Store, Freestanding
- Lot Size (sq. ft)
- 6,534 SF
Highlights
- Great for Owner-User, Income or Redevelopment
- The property is ED1 Eligible - Potential development of up to 28± Units
- 6,525 SF of C2-1VL- CPIO Tier 2
- Newer windows, electrical system enhancements, and a completely paid-off Solar Panel System
- Freestanding corner building with Parking Lot - Perfect for a Marijuana Business
- Signalized corner on Broadway at 54th Street
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