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959 Crenshaw Blvd
Los Angeles, CA 90019
Rite Aid · Retail Property For Sale
Investment Highlights
- Adjacent Parking Lot Included
- Proximity to Thriving Submarkets
- Exceptional Location & Accessibility
- Compelling Affordable Housing Project
- Value-Add Digital Billboard
- Flexibility for Expansion
Executive Summary
CBRE, as exclusive agent, is pleased to present a premier investment opportunity to acquire a fully entitled affordable mixed-use development site located at the highly visible northwest corner of Crenshaw and Olympic Boulevards, with an adjacent surface parking lot, in the Mid-Wilshire submarket of Los Angeles.
At just over one-acre of land, the property is currently improved with a vacant ±12,500 square foot standalone retail building and surface parking, and is inclusive of the adjacent surface parking lot located at 952-958 S Victoria Avenue.
At just over one-acre of land, the property is currently improved with a vacant ±12,500 square foot standalone retail building and surface parking, and is inclusive of the adjacent surface parking lot located at 952-958 S Victoria Avenue.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
12,573 SF
Building Class
C
Year Built
1972
Tenancy
Single
Building Height
1 Story
Building FAR
0.29
Lot Size
1.01 AC
Zoning
CR-1VL & R1-1-HPOZ - mixed-use zoning
Parking
52 Spaces (4.14 Spaces per 1,000 SF Leased)
Frontage
185’ on Crenshaw Blvd
Amenities
- Signage
1 of 12
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