Listing provided courtesy of Jim Menton of The Realestate Group. Last updated 2022-01-21 09:28:01.000000. Listing information © 2021 CRMLS.
Asking Price: $12,500,000
1617 S Pacific Ccoast Hwy, Redondo Beach CA 90277
Community: 157 - S Redondo Bch W of PCH
This Retail property was built in 1961 and is priced at $12,500,000. Please see the additional details below.
- 0 Sq Ft
- 0 bathrooms
- 0 bedrooms
- MLS#: 367219088
- Type: Retail
- Year Built: 1961
This prime, exceptionally visible mixed use retail/office building in Riviera Village, South Redondo Beach's most prestigious retail/office/restaurant/walking area, this 2-story generational icon stands just 2 blocks from the Esplanade oceanfront. It is located at the corner of Pacific Coast Highway and Avenue I, the main gateway to the Village. Anchored by ground-level popular Good Stuff (a regional top-grossing eatery), Coffee Bean store, and Crazy Fish, each with long-term leases ensures stability. The fully-leased always highly desirable space houses 12 additional retail or office tenants, many of whom are long-term successful businesses. The internal space is largely updated and modernized, including an upper-level art deco theme. The building includes plentiful ground-level parking (108 spaces shared with a neighboring building). This property represents a rare investment opportunity in today's severely restricted prime commercial marketplace. It is a Beach Cities jewel. Contact LA for additional details.