CBRE is pleased to present the opportunity to acquire 5550 Melrose Avenue, a ±4,768 SF office/ retail building located just two blocks from the iconic and amenity-rich Larchmont Boulevard. This single-story, standalone structure sits on a ±7,405 SF parcel on the corner of Melrose Avenue and Beachwood Drive. Its prime location and freestanding nature make it an exceptional opportunity with multiple paths for value creation appealing to:
- Owner-Users, who can generate rental income through August 2028 before occupying the space.
- Investors, looking to reposition the property and lease to high-end retail tenants at premium rents.
- Developers, with the potential to assemble an expanded ±19,602 SF site by acquiring adjacent lots from a single owner.
This is a truly unique offering due to the lack of well-located, freestanding office/retail buildings in Hollywood that offer incredible walkability and remain free from vagrancy issues.