8435 Melrose Ave - Storefront FOR SALE


West Hollywood, CA 90069
$16,995,000 USD
310-927-5865
8435 Melrose Ave, West Hollywood, CA for Sale
$16,995,000 USD
Storefront - FOR SALE
1/11
null | Request Cap Rate

8435 Melrose Ave
West Hollywood, CA 90069


OVERVIEW

INCREDIBLE OPPORTUNITY. ONE OF THE LAST OWNERUSER PROPERTIES IN THE HIGHLY COVETED MELROSE PL corridor available for purchase that is an owner/user or redevelopment opportunity. The Property consists of approximately 2,370 sf of building on a lot size of approximately 7,077 sf. The Property is located in both West Hollywood and Los Angeles. This sale represents one of the last "original owner" opportunities to purchase an owner/user or redevelopment opportunity in the coveted Melrose Avenue, Melrose Pl., La Cienega Blvd. triangle. The Property has approximately 170 ft of frontage on Melrose Avenue. The building features over 18 foot high ceilings, with a rear courtyard/patio area, and parking in the rear off of the alley. The property has a parking easement of approximately 170 sf on the eastern portion of the Property near the corner. The Property features unmatched dual frontage exposure along Melrose Avenue and Melrose Pl alley, the epicenter of the high street retail and new internationally acclaimed restaurants scheduled to be opening soon! This area is under going an extraordinary redevelopment, with several new developments and many of surrounding properties undergoing renovation and/or recently tenanted. Please call Chris at (310) 927-5865 for more information.

FOR SALE DETAILS

PRICE

$16,995,000 USD

PRICE/SF

$7,171 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

WDC1A & LA C4

APN/PARCEL ID

5528-017-038,5528-017-039

ASK ABOUT THIS PROPERTY

Chris MaraCarolwoodMore Info
310-927-5865

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Chris MaraCarolwoodMore Info
310-927-5865

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