28900 S Western Ave
Rancho Palos Verdes, CA 90275
Retail Property For Sale

The subject property is a free standing commercial/retail building with approximately 2,950 rentable square feet of improvements. The property was occupied by a bank throughout most of the 1990's and still has the vault, a large reception area, an open office area, three private offices and two ADA restrooms. The most recent use was as a coffee shop, and that tenant's lease expired on 12/31/2018. The parcel is a large 24,198 square foot lot with excellent frontage on Western Avenue. There are 39 parking spaces on site providing greater than 10 to 1 parking and the zoning is Commercial General and provides for a wide variety of commercial uses in including restaurant, retail, office, medical/dental office uses. The north side of the building used to have a drive- through window when the tenant was a bank. A drive-through is permitted subject to obtaining a CUP (Conditional Use Permit) from the City of Rancho Palos Verdes. The property is situated on Western Avenue directly across from the Terraces Shopping Center and Theatres. Western Avenue is the major thoroughfare that runs from San Pedro's South Shore's neighborhood above the Pacific Ocean through Rancho Palos Verdes to the north. The subject property close to the medical district of San Pedro immediately to the south which is anchored by Provident Hospital as well as the Port of Los Angeles just a few minutes to the east which is undergoing major development. While there are major retail tenants along the Western Avenue Corridor such as CHASE Bank, Wells Fargo, U.S Post Office, IHOP, Coco's, Chevron, Rite-Aid, Albertsons Grocers, Sprouts Market, Starbucks and too many others to list, and there is also a large amount of existing residential housing that surrounds the property on both sides of Western Avenue. The development of 664 new single family homes is underway at High Park - Pointe Vista which is just a few blocks north at 26900 Western Avenue and is expected to increase the demand for retail and office service oriented businesses in the area.