This Land Property is no longer advertised on LoopNet.com.

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
Property Subtype Commercial
Proposed Use Office
Total Lot Size 0.12 AC
No. Stories 1
Zoning HB

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

Property Taxes

Parcel Number
4187-009-040
Land Assessment
$412,128
Improvements Assessment
$197,213
Total Assessment
$609,341
  • Listing ID: 23862899

  • Date on Market: 8/7/2021

  • Last Updated:

  • Address: 240 Pier Ave, Hermosa Beach, CA 90254

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