Description
Maher Commercial Realty is pleased to announce the sale of a 19,404 square foot value-add retail building on a nearly one-acre parcel of C2-1D zoned land in a TOC Tier 3 community. Maher Commercial Realty proudly represented both the buyer and the seller in this transaction.
Located in the favorable Subarea B of the Vermont/Western Station Neighborhood Area Plan, this retail center, situated in the vibrant Thai Town neighborhood of Hollywood, offered a prime investment opportunity. At the time of sale, the property was approximately 50% vacant, with most tenants on month-to-month leases or leases maturing in 2024.
Property Features:
- Sale Price: $9,600,000
- Building Size: 19,404 Sq.Ft.
- Lot Size: 42,076 Sq.Ft.
- Zoning: C2-1D TOC Tier 3
- Year Built: 1969
- APN: 5544-034-037
