2316-2326 Torrance Blvd - Bar FOR SALE


Torrance, CA 90501- Olde Torrance Neighborhood
$2,100,000 USD
310-748-1328
2316-2326 Torrance Blvd, Torrance, CA for Sale
$2,100,000 USD
Bar - FOR SALE
1/3
null | Request Cap Rate

2316-2326 Torrance Blvd
Torrance, CA 90501
Olde Torrance Neighborhood


HIGHLIGHTS

  • The property is well positioned on Beach Cities connecting Torrance Blvd. at the SEC of Torrance Blvd & Madrid Ave.  (±34,000 VPD)
  • C-1 Zoning allows for a wide range of Commercial uses as well as Multi-Residential / Senior Living uses (CUP Permitting) 
  • The former Auto Repair (lifts have been removed) and adjacent former Branch Office Bar/Restaurant property - Now Vacant
  • Seller may consider entitlement contingency timing subject to deal terms and scope/size of redevelopment.
  • The property abuts only one residential property (4-Plex) and alley separated by small SCE substation (5-MW) allowing for reduced / minimal setbacks

OVERVIEW

The property is well positioned on Beach Cities connecting Torrance Blvd. at the SEC of Torrance Blvd & Madrid Ave.  (±34,000 VPD) C-1 Zoning allows for a wide range of Commercial uses as well as Multi-Residential / Senior Living uses (CUP Permitting).  The former Auto Repair (lifts have been removed) and adjacent former Branch Office Bar/Restaurant property will be delivered vacant at time of sale - allowing for multiple Value-Add/Redevelopment scenarios. Seller may consider entitlement contingency timing subject to deal terms and scope/size of redevelopment. -The property abuts only one residential property (4-Plex) and alley separated small SCE substation allowing for reduced / minimal setbacks and other more beneficial development requirements. -Adjacent SCE Substation on southeast side of rear alley may provide ease of access to multiple Megawatts for potential high electricity / E-Charging users which are permitted by right Value Add or Redevelopment Opportunity This South Bay-Beach Cities commercial property (Former Auto Repair & Bar/Restaurant on 18,004 SF/Land) in -Torrance, CA (Los Angeles County) is an attractive Value Add or Redevelopment investment opportunity. Desirable South Bay Location Torrance Blvd is a major city / commuter thoroughfare with strong surrounding retail and employment center synergy including: Old Town Torrance (charming downtown with new & historic buildings and eateries) (0.8 Miles) Honda North America Corporate Headquarters (0.7-Miles) Direct access to 110 Fwy (7-Miles) Del Amo Fashion Center (2.5 M SF Mall – 5th largest in United States (1.7-Miles) Hospital and Urgent Care Services (1.1 miles or less)

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$950 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1958

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,401 SF

ZONING

C1

APN/PARCEL ID

7355-004-001,7355-004-002

ASK ABOUT THIS PROPERTY

Dan RileyCBRE, Inc.More Info
310-748-1328

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Dan RileyCBRE, Inc.More Info
310-748-1328

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