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Rare Hollywood Ground Lease Opportunity 4583 Melrose Ave 0.93 Acres of Commercial Land for Lease in Los Angeles, CA 90029
Highlights
- Prominent ±40,500 square foot corner lot at Melrose Avenue and Normandie Avenue.
- Approximately 300 feet of frontage along both Melrose Avenue and Normandie Avenue.
- Located within a dense Hollywood trade area with strong residential and commercial presence.
- Direct adjacency to the Hollywood 101 Freeway with immediate on/off ramp access.
- Exceptional traffic exposure with ±231,087 cars per day on the 101 Freeway and ±57,234 cars per day at the intersection.
LOT Available
Display Rental Rate as
| Rental Rate |
|
Lot Size | 0.93 AC |
| Lease Term | Negotiable |
| Rental Rate | |
| Lease Term | Negotiable |
| Lot Size | 0.93 AC |
±40,500 square foot corner lot offered for ground lease
Property Overview
This property presents a rare ground lease opportunity in the heart of Hollywood, positioned at the northeast corner of Melrose Avenue and Normandie Avenue. The site offers exceptional visibility and accessibility, located directly adjacent to the Hollywood 101 Freeway with immediate on/off ramp access. Featuring approximately 300 feet of frontage along both Melrose Avenue and Normandie Avenue, the property is ideally suited for high-traffic retail, automotive, or quick-service concepts seeking maximum exposure. The location benefits from significant commuter and local traffic, with traffic counts exceeding 231,000 cars per day on the 101 Freeway and over 57,000 cars per day at the Melrose and Normandie intersection. This connectivity ensures strong visibility to both regional and neighborhood customers. Situated within a dense urban trade area, the property is surrounded by established residential neighborhoods, retail corridors, and entertainment destinations, making it a compelling choice for operators looking to capture Hollywood’s dynamic consumer base.
Property Facts
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Rare Hollywood Ground Lease Opportunity | 4583 Melrose Ave
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