Commercial Real Estate Opportunity - Outstanding South Bay Location
1,704 SF existing building on a 5,000 sf corner lot
This is a rare offering of a commercial zoned property situated on a prime corner lot at the bustling gateway of affluent Manhattan Beach. This highly-visible commercial property block is an ideal development site! The property offers a unique corner location with visibility and excellent development options (potential buyer to verify all with the city). Studies show approximately 35,000+ cars pass this corridor daily. This well-trafficked area is home to many thriving businesses, services and community favorites including Trader Joe’s, McDonald’s, Polliwog Park, the Redondo Beach Performing Arts Center, Aviation Sports Complex, Target, and numerous private and public schools. As one of the main arteries into and out of the prosperous city of Manhattan Beach, Manhattan Beach Boulevard receives a great deal of traffic to and from the nearby freeways as well as large local corporations like Northrop Grumman. This property’s excellent corner location gives you great visibility and excellent development options from office and retail space to executive office suites.
Approved plans for mixed use medical/residential building included in sale. Current permit-ready plans offer appx. 3,000 sf medical office space with an additional 1,000 sf of residential space attached.
Possible optional future build would include appx. 3,300 sf of general office/non-medical use allowing for 11 parking spaces.
Any future development is subject to discretionary approval from the Manhattan Beach Planning Department