24123 Narbonne Ave - Bar FOR SALE


Lomita, CA 90717
$1,100,000 USD
818-319-9191
24123 Narbonne Ave, Lomita, CA for Sale
$1,100,000 USD
Bar - FOR SALE
1/21
null | Request Cap Rate

24123 Narbonne Ave
Lomita, CA 90717


HIGHLIGHTS

  • Unique owner/user opportunity + turn-key!
  • Property can be delivered in vacant condition
  • Grandfathered entitlements that are tied to the property. Most notably, the ability to serve alcohol until 2 am, 7 nights a week and a smoking lounge.
  • Large outdoor patio for additional seating and outdoor venue.

OVERVIEW

IKON Properties is proud to present an exceptional investment or owner/user opportunity at 24123 Narbonne Ave, Lomita, CA 90717. This property features an established, long-term tenant with a flexible lease in place, providing a stable income stream and adaptability for future plans. Unlock the potential for redevelopment and expansion with the opportunity to build additional units, subject to city zoning verification by the buyer. The property boasts grandfathered entitlements, including a rare license to serve alcohol until 2 AM, seven nights a week, and the unique amenity of a designated smoking lounge. Enhancing its appeal, the property includes a spacious outdoor patio, ideal for additional seating or as a versatile outdoor venue. This distinctive offering is a rare find in the Lomita market and presents a compelling opportunity for investors or operators looking to maximize value. Don’t miss out on this premier property with unmatched potential—contact us today for more details!

FOR SALE DETAILS

PRICE

$1,100,000 USD

PRICE/SF

$714 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Motivated Seller, Submit all offers!

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

CG

APN/PARCEL ID

7374-012-032

ASK ABOUT THIS PROPERTY

Blas FernandezIkon PropertiesMore Info
818-319-9191

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Blas FernandezIkon PropertiesMore Info
818-319-9191

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