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- LoopNet Team
240 Pier Ave
Hermosa Beach, CA 90254
240 Pier Avenue Hermosa Beach, Ca 90254 · Land For Sale
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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 | Total Lot Size | 0.12 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Office | ||
| Zoning | HB | ||
| 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
Links
Property Taxes
| Parcel Number | 4187-009-040 | Improvements Assessment | $197,213 |
| Land Assessment | $412,128 | Total Assessment | $609,341 |
Property Taxes
Listing ID: 23862899
Date on Market: 8/7/2021
Last Updated:
Address: 240 Pier Ave, Hermosa Beach, CA 90254
The Land Property at 240 Pier Ave, Hermosa Beach, CA 90254 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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