Description

Court Ordered Sale – All Offers Due by 5:00 PM on February 13, 2024. This signalized corner retail center presents an investor a unique opportunity to add-value to one of the hippest corners in Silver Lake, surrounded by major grocery tenants, restaurants, bars, and high walking traffic count.  The subject building is +/- 10,340 square feet (per CoStar) and situated on a +/- 17,000 square foot parcel of land.  The center is currently 50% vacant with the remaining tenant leases expiring in 2025 through 2026, adding significant value-add potential.  The center is anchored by Pink Berry, and also includes a popular coffee shop, and veterinary clinic, and a pet store.  Excellent opportunity to add additional food, entertainment, fitness, or other uses that will play to the strong retail demand and demographics of this neighborhood.  Due to a covenant recorded against the title, this property is not a candidate for residential development at this time.

Property Features:

  • Price: $9,849,999
  • Building Size: 9,884 Sq.Ft.
  • Lot Size: 17,246 Sq.Ft.
  • Price Per Sq.Ft. Building: $996.56
  • Price Per Sq.Ft. Land: $571.15
  • Zoning: C4-1D
  • APN: 5433-027-030

Property ID

2829 Hyperion Avenue_Sale

Property Type

Retail

Built in

1986

Status

For Sale

Price

$9,849,999.00

Additional Features

N

los angeles commercial real estate

N

los angeles retail building for sale

N

maher commercial realty

N

retail for sale in silver lake

N

silver lake commercial real estate

N

silver lake retail for sale


Agent

Oron Maher

Oron Maher

Director Broker

  • (310) 464-1453
  • Oron@MaherCR.com
  • MaherCR.com

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