MONTHLY BASE RENT: $1.25 / S.F. + NNN (~$0.45 cents / s.f.) / $3,699,000 Asking Sale Price
For LEASE with large square footage, high visibility, and great signage on Hawthorne Blvd, this 9,645 s.f. building on a 11,956 s.f. parcel is just a short distance to the South Bay Galleria in beautiful Lawndale, renowned for its Alondra Community Park and South Bay Wedding Center. With easy access and a hard, signalized corner location, this desirable property is ideally suited for a furniture store or similar business. The ground level, single story interior is wide open, with abundant windows facing Hawthorne Blvd., so it’s a “blank slate”, ready for your imagined retail concepts (see photos)
The property benefits from over 40,000 vehicles a day passing by and is just 3 blocks from the intersection of Hawthorne and Artesia, which sees 110,000 vehicles a day, and is one of the busiest intersections in the South Bay area. A retail business here will be in the great company of nearby national retailers such as Starbuck’s, Boston Market, Walgreens, CVS, and Chase Bank. Prospective retailers can also look forward to the nearby South Bay Galleria’s planned remodel and Metro Link’s expansion to attract and generate an even greater customer base. For destination-oriented retailers, this location is just a few blocks away from the 405 Freeway.
The owner has approved plans for a mixed-use development opportunity comprised of retail space on the ground floor, 20 apartments above, and underground parking below. For prospective developers, these plans can be made available and included in the purchase. The property is also located in a Qualified Opportunity Zone, which offers potential tax incentives to investors / developers.
This property is available for immediate occupancy and ready for its next thriving and long-term tenant. Private tours are easy to arrange with the listing agent.
