Available For Sale - Retail

1 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
1 SF
Price/SF
Show Pricing $
Listing ID
SA416703
Notes
This investment offers an opportunity to purchase a single tenant supermarket asset Northgate Market or develop and build maximum 220 units. A great mixed-use development opportunity is in prime Koreatown submarket, adjacent to Downtown LA. This area has seen a dramatic change in the last years, with the addition of many new coffee shops, restaurants, retail, and new construction housing. The property is made up of an approximately 19,437 Square Foot building, with approximately 71,961 Square Feet of land. TOC Tier 3 incentives allows for a developer potentially to build up to 220 units. Property benefits from significant frontage on the heavily trafficked retail corridor of Olympic Blvd. Property suits to the surrounding area demographics and drives significant traffic to this location. Northgate Market is well known in Southern California. 2323 W Olympic Blvd is a highly-visible neighborhood center located at the signalized intersection of major Olympic Blvd and Alvarado Street, approximately one mile from I-10 FWY. The density and infill characteristics of this location create high barriers to entry for competition and new development in a mature retail market. The property is surrounded by retailers, businesses, and is minutes away from Staples Center, USC, LA Live, Convention Center, DTLA.

* Property records for the building show 19,437 square feet. The land is approximately 71,961 square foot. Buyer to verify all information inclusive of square footage. Don’t disturb tenant.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Josh Salik, Salik Real Estate & Development