510 N Pacific Coast Hwy
Redondo Beach, CA 90277
Property For Lease
Highlights
- Building expansion potential +/-1,955 SF
- Maximum exposure and visibility to PCH
- Owner user opportunity (purchase comes with redevelopment plans)
- Redevelopment plans pending City approvals (mid May 2024)
- Prime legacy Beach City real estate
- Value add with upside potential
Property Facts
| Property Type | Retail | Year Built | 1954 |
| Property Subtype | Convenience Store | Parking Ratio | 6.67/1,000 SF |
| Gross Leasable Area | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Convenience Store |
| Gross Leasable Area | 1,200 SF |
| Year Built | 1954 |
| Parking Ratio | 6.67/1,000 SF |
About the Property
Owner User Opportunity With Full Liquor License and Redevelopment Plans. City plan approvals taking place in the month of Aug 15, 2024. If Seller starts developing the product, he will not sell. Background of the project: Seller purchased some time ago the real estate with a paying tenant, Nick's Liquor. The Seller approached the tenant and said he will not renew, so the tenant sold the business and 21 ABC license to Seller (can send license details). The Seller wants to be an owner user and hasn't been operating the business since it sold. He has been working on the plans to add an extra 700-750 SF and is getting close to City approvals. I'll need to update the folder with newer plans. City requires 1 space per 250sf, there are currently 8 parking spaces (make sure to verify) with a few gaps and spaces are large. I can send planning contact info for any verifications.
