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1602 W 25th St 8,005 SF Retail Building San Pedro, CA 90732 $4,650,000 ($580.89/SF)
INVESTMENT HIGHLIGHTS
- Core, Coastal, Irreplaceable Location
- High barriers to entry coastal market with no future competition
- Newly remodeled Smart & Final anchored shopping center
- Located at the base of Rancho Palos Verdes & San Pedro, two dynamic Los Angeles coastal communities with a diverse consumer base
- Positioned at the corner of Western Avenue and West 25th Street, the two primary arterials around the Palos Verdes Peninsula and San Pedro markets
- Prime owner-user opportunity- building features high ceilings, abundant natural light and ample parking
EXECUTIVE SUMMARY
Newmark Capital Markets & WestPac Partners is pleased to present to qualified investors the rare opportunity to acquire a core, coastal commercial property positioned for a wide range of value-add or redevelopment possibilities. Located at the convergence of two dynamic coastal communities — Rancho Palos Verdes and San Pedro — the Property consists of 8,005 square feet of improvements situated on over 0.92 acres of land.
Previously occupied by a long-standing financial institution, the building is now vacant, offering investors the unique ability to reposition the site. The oversized parcel and strong visibility make it an excellent site for multiple future uses. Given the scarcity of large coastal sites in this submarket, the Property represents a best-in-class redevelopment or re-tenanting opportunity.
Previously occupied by a long-standing financial institution, the building is now vacant, offering investors the unique ability to reposition the site. The oversized parcel and strong visibility make it an excellent site for multiple future uses. Given the scarcity of large coastal sites in this submarket, the Property represents a best-in-class redevelopment or re-tenanting opportunity.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Bank
Building Size
8,005 SF
Building Class
C
Year Built
1956
Price
$4,650,000
Price Per SF
$580.89
Tenancy
Single
Building Height
1 Story
Building FAR
0.31
Lot Size
0.60 AC
Zoning
LAC2
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
- 1st Floor
- 5,270 SF
- Retail
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,270 SF | Retail | - | Now |
1st Floor
| Size |
| 5,270 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7562-017-017 | Improvements Assessment | $5,618,160 |
| Land Assessment | $9,883,800 | Total Assessment | $15,501,960 |
PROPERTY TAXES
Parcel Number
7562-017-017
Land Assessment
$9,883,800
Improvements Assessment
$5,618,160
Total Assessment
$15,501,960
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1602 W 25th St
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