Torrance Blvd and Sartori Ave - Freestanding FOR SALE


Torrance, CA 90501- Olde Torrance Neighborhood
$3,675,000 USD
310-893-3397
Torrance Blvd and Sartori Ave, Torrance, CA for Sale
$3,675,000 USD
Freestanding - FOR SALE
1/1
null | Request Cap Rate

Torrance Blvd and Sartori Ave
Torrance, CA 90501
Olde Torrance Neighborhood


HIGHLIGHTS

  • Unique opportunity to acquire the real estate, profitable business, fixtures, inventory, & equipment in the sale.
  • Join an up-and-coming downtown district in the heart of one of the densest cities in the South Bay.
  • Situated in a dense South Bay City featuring approximately 144,430 people with an average household income of $94,781.
  • Recently renovated offering a seamless transition from the front and back bars to the 2,500 SF patio, utilizing sleek sliding glass doors and windows.
  • The subject property has a CUP that allows the sale of liquor with their Type 48 License and can be open until 2:00AM.
  • Walker's Paradise (95).

OVERVIEW

Fantastic owner-user bar/restaurant opportunity in Torrance! Business has a rare Type 48 liquor license. Well-located freestanding building consisting of a 3,932 SF with a large 2,500 SF patio on a 7,524 SF lot (0.17 ACRES). This is a unique opportunity because the real estate, profitable business, fixtures, inventory, & equipment will all be included in the sale. The subject property is located in the Downtown Torrance District, which is experiencing its own renaissance with the city’s Downtown Revitalization and Connectivity Plan. Downtown Torrance is a place where residents, employees, and visitors can live, work, and play in a vibrant, active, and walkable environment. Here, local businesses can thrive in the midst of new dining, shopping, housing, and recreation. The Greater Downtown will celebrate its history. Its streets and public spaces will be well maintained and programmed with events, and it will be a welcoming, safe, and inclusive environment for all. There are many lively dining establishments, retailers, and neighborhood service tenants in the area. Old Town Torrance is an up-and-coming downtown district in the heart of one of the densest cities in the South Bay.

FOR SALE DETAILS

PRICE

$3,675,000 USD

PRICE/SF

$935 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Type 48 Liquor Bar Business & Real Estate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,524 SF

ZONING

C2, Torrance

APN/PARCEL ID

7355-024-045

ASK ABOUT THIS PROPERTY

Ryan SharpeKidder MathewsMore Info
310-893-3397

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Ryan SharpeKidder MathewsMore Info
310-893-3397

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