Pacific Coast Hwy HwyLomita, CA 90717

Property Details for Pacific Coast Hwy Hwy

Year built

1964

Lot size

0.40 AC

Property size (Sq ft)

924 SF

Property type

Retail properties

Description

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.

Location Insight

City

Lomita

County

Los Angeles

State

California

Latitude

33.794

Longitude

-118.316

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