125 Manhattan Beach Boulevard, Manhattan Beach, CA 90266

$7,995,000
List Price
$7,995,000
Price Change
▼ $505,000 1511225699
Status
ACTIVE
MLS#
SB17234550
Year Built
1972
Days on Market
65
Property Type
Commercial
Property Sub Type
Retail

Property Description

This offering of a commercial property in Manhattan Beach, just steps from the sand, the iconic Manhattan Beach Pier, Strand and adjacent to a wide range of thriving commercial businesses and multi-million dollar homes with unparalleled exposure and pedestrian traffic. The property is a 2 story building approx 3,440 sf (per assessor's records - buyer to verify) constructed with retail on the 1st floor and office space on the 2nd floor. The entire property underwent an extensive renovation to the interior and the facade completed in 2014. Prior to the renovation, the 2nd floor was used for residential purposes. The lot is 2,253 sf with nice elevation that overlooks Manhattan Beach Pier, and boasts spectacular views of the Pacific Ocean from both levels and full coastline views to Malibu from the roof top. The property is zoned Downtown Commercial and according to the Downtown Specific Plan adopted in 2017 this allows a broad range of uses, including live/work and residential uses (with a conditional use permit). Zoning permits a Floor Area Ratio of 1.50 for new developments and 51.3 residential dwelling units per acre (2.65 units) is the approx calculation for this lot. The height limit is 30 feet, any development is subject to discretionary approval from the Planning Department. Mickie's Beach and Diane's Beachwear have been at this location for decades and is a rare opportunity to acquire an irreplaceable parcel of commercial real estate in a world renowned location.

Additional Information

Taxes
$89,464
Water
Public

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Listing courtesy of Stephen Lampe from Re/Max Commercial & Investment

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.