11053-11067 Atlantic Ave - Storefront FOR SALE


Lynwood, CA 90262
$1,285,000 USD
310-494-6195
11053-11067 Atlantic Ave, Lynwood, CA for Sale
$1,285,000 USD
Storefront - FOR SALE
1/15
null | Request Cap Rate

11053-11067 Atlantic Ave
Lynwood, CA 90262


HIGHLIGHTS

  • Small Unit Sizes, All Separately Metered!
  • Great Price Per Square Foot Basis Given The Need For Renovation!
  • Seller Financing Available For Well Qualified Buyers!

OVERVIEW

Apex Properties is pleased to present this Multi-Tenant Retail Storefront Strip Center on the busy commercial corridor of Atlantic Avenue in the city of Lynwood, CA. The building is comprised of 8 small units separately metered that are easily leased due to their size and relatively affordable rent that can be offered to tenants upon rehabilitation. The property enjoys 17 parking stalls in the rear and main corridor frontage with momentary access to the Imperial Highway and 710 Freeway, conveniently located nearby. The property is need of a major remodel, including a new roof. 4 of the 8 units have been damaged by an electrical fire. The price per square foot accurately reflects the fire damaged condition. The site is approximately ½ mile to the west of the 710 freeway, which has both an on-ramp and off-ramp on Imperial Highway. The 15,045 sq. ft. lot is zoned C-3 which allows for a variety of retail and commercial uses. The property is currently occupied by three month to month tenants. Major tenants such as El Super, Subway, Starbucks, and many others are all on Atlantic Avenue within a short distance to the property. Seller Financing may be available for well qualified buyers.

FOR SALE DETAILS

PRICE

$1,285,000 USD

PRICE/SF

$159 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Storefront Atlantic

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,246 SF

ZONING

LYC3*

APN/PARCEL ID

6193-006-011

ASK ABOUT THIS PROPERTY

Cameron HaleApex PropertiesMore Info
310-494-6195

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Cameron HaleApex PropertiesMore Info
310-494-6195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.