For Sale
$2,999,000

Pacific Coast Hwy Hwy Lomita, CA 90717

High-traffic corner lot, redevelopment potential.

Overview

Added:
Feb 3
Days on market:
83
This exceptional commercial property presents a rare opportunity to own a significant piece of the iconic Pacific Coast Highway in Lomita, California. Boasting 924 square feet on a sizable 0.4-acre corner lot, this property offers 90 feet of prime frontage along the bustling PCH (CA Route 1). Currently operating as a used car dealership, the property is zoned commercial and provides immense flexibility for future development. The seller has already developed concept drawings and plans for a potential drive-thru establishment, showcasing the property's adaptability to a variety of businesses. This presents a unique chance to capitalize on the high visibility and traffic volume associated with this coveted location. The property will be delivered vacant upon close of escrow, allowing for immediate occupancy or redevelopment. The sale includes three parcels: 7553-007-054, 7553-007-016, and 7553-007-053, providing a consolidated and easily managed ownership. With its strategic location, substantial size, and existing infrastructure, this property is an ideal investment for both seasoned developers and astute business owners seeking a high-impact location on one of California's most recognizable roadways. The asking price is $2,999,000.

Property Details for Pacific Coast Hwy Hwy

Property type
Retail properties
Square Feet
924 SF
Year Built
1964
Lot Size (sq. ft)
17,424 SF

Location Insight

City
Lomita
County
Los Angeles
State
California
Latitude
33.794
Longitude
-118.3161

FAQs

What type of property is this?
Retail property - High-traffic corner lot, redevelopment potential.
Where is the retail property located?
The property is located at Pacific Coast Hwy Hwy Lomita, CA.
What is the asking price?
The asking price for this property is $2,999,000.
How can I contact the broker?
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Pacific Coast Hwy Hwy
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