Available For Sale - Retail

17,285 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
17,285 SF
Price/SF
Show Pricing $
Listing ID
SA416708
Notes
We are pleased to present the iconic Cherokee Building in hollywood CA for sale at private sealed bid charity sale event Summer 2020. Ownership is in process of a donation sale RS Section170 Bargain Sale to a nonprofit charity who is offering the property for sale on a discounted basis. The Cherokee Building has been a hollywood landmark since its original construction in 1927 and is famous for being one of hollywoods first major retail buildings with an interior motor court. Located in the heart of hollywood 3 blocks east of hollywood Blvd. and highland Ave. and 4 blocks west of Vine St. The Cherokee Building offers an investor a rare and unique opportunity to acquire a trophy property with an unparalleled 121 feet of frontage along hollywood Blvd. The Cherokee Building is approximately 27000 square foot not including mezzanines which rents to businesses such as retail office and world famous

Boardners Restaurant and Nightclub. Situated on over 17000 square feet of land on the south east corner of hollywood Blvd and Cherokee Ave. There is over

$5.3 Billion in current and near term development projects within 3 miles of The Cherokee Building. The Cherokee Building presents an opportunity for a

user or a qualified investor to purchase a rare asset with both significant upside rental appreciation and extraordinary future development. J.C. Amber

clothier provided decades of custom designs tailoring outfitting and clothing to hollywoods most famous entertainers movies stars and musicians. The N.S.

Amber Building is also home to hollywoods oldest and most famous Watering ole Boardners Bar Restaurant hollywood legacy spanning decades and decades

of lore legend and history. f the walls could talk! This structure is another fine example of the Spanish Colonial Revival Style building on hollywood

Boulevard. Norman W. Alpaugh was a Canadian Architect who moved to Los Angeles he also designed buildings in New York. The delicacy of the grillwork

and Moorish detail give this building a warmth and attractiveness that is unsurpassed. The enclosed interior courtyard with tiled fountain captures the

romantic feeling of Spain and is unusual for commercial buildings in hollywood. Designed around a parking lot with an elaborate rear entrance this structure

is one of the earliest structures in hollywood and possibly Los Angeles to be oriented around the automobile predating Bullock’s Wilshire similar treatment”

hollywood Revitalization 1978. Located in the heart of hollywood 3 blocks east of highland Ave. and four blocks west of Vine St. On a signaled corned in the

core of hollywood Boulevard’s booming tourist market surrounded by office buildings high end restaurants retail night clubs and new residential and

commercial developments. One of hollywood’s most highly traveled thoroughfares averaging almost 14000 cars per hour! The Cherokee Building not only

benefits from the incredible exposure and visibility hollywood Blvd offers but also the fantastic walking traffic generated by the millions of tourists who visit

hollywood every year. Near Gene Autry’s and James Caan’s stars along the famous hollywood Boulevard Walk of Fame. Stop number 34 on hollywood’s walking

tour
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