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  • Status:Active
  • Lot Size:0.00 Acres
  • Community:Manhattan Beach Sand
  • Zip Code:90266
  • Property Type:Commercial
  • List Date:Wed, Oct 11 2017
  • Property Video: Virtual Tour

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.

Property Details

Essential Information

  • MLS #SB17234550
  • Price$8,500,000
  • Acres0.00
  • Year Built1972
  • TypeCommercial
  • Sub-TypeRetail
  • StatusActive

Exterior

  • Lot DescriptionLevel with Street, Lot Shape-Rectangular, No Landscaping, Paved

Listing Details

  • Listing AgentStephen Lampe
  • Listing Co-AgentNorman Lucas
  • Listing OfficeRe/max Commercial & Investment

Community Information

  • Address125 Manhattan Beach Boulevard
  • AreaManhattan Beach Sand
  • CityManhattan Beach
  • CountyLos Angeles
  • StateCA
  • Zip Code90266

Additional Information

  • Zip Code90266

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