This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
240 Pier Ave
Hermosa Beach, CA 90254
240 Pier Avenue Hermosa Beach, Ca 90254 · Land For Sale · 0.12 AC
Investment Highlights
- Unobstructed 360 degree Ocean View, high foot traffic, Huge development upside for retail on the bottom, office upstairs or poss town homes.
PROPERTY FACTS
| Property Type | Land | Proposed Use | Office |
| Property Subtype | Commercial | Total Lot Size | 0.12 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Office |
| Total Lot Size | 0.12 AC |
Description
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. Check with City of Hermosa Beach Planning Commission. Currently, the planning commission is considering rezoning this commercial area to "mixed use" whereby if rezoned, this property has the potential for retail on the bottom, residential on top. 5 page Brochure Link: https://drive.google.com/file/d/1JlTmpLn7KmC61nHWm7xgnzCF6i9hmVEE/view?usp=sharing
PROPERTY TAXES
| Parcel Number | 4187-009-040 | Improvements Assessment | $193,347 |
| Land Assessment | $404,048 | Total Assessment | $597,395 |
PROPERTY TAXES
zoning
| Zoning Code | HB |
| HB |
Learn More About Investing in Land
