2450 Atlantic BlvdCommerce, CA 90040

Property Details for 2450 Atlantic Blvd

Year built

1988

Construction

WOOD

Lot size

1.06 AC

Property size (Sq ft)

27,532 SF

Zone code

CMMI

Property type

Retail space

APN

6335-006-019

APU

6335006019

Description

Commerce Corner, located at 2450 S Atlantic Blvd, Commerce, CA 90040, offers a diverse range of leasing opportunities in a high-demand Southeast Los Angeles submarket. This Class B property boasts a total of 67,010 square feet, with spaces ranging from a minimum of 1,370 square feet to a maximum contiguous space of 22,448 square feet. The property is ideally suited for a variety of uses, including retail, office (traditional, executive, and creative), restaurant, bakery, boba shop, and donut shop. Multiple tenancy options are available. A prominent freestanding building with drive-thru potential is a key feature, situated directly across from a Starbucks, ensuring high visibility and significant foot and vehicle traffic. The property's location on South Atlantic Boulevard, near Washington Blvd, provides excellent access to major thoroughfares and is surrounded by other popular retail destinations, guaranteeing consistent customer flow. This makes Commerce Corner an exceptional choice for businesses seeking maximum exposure and a vibrant commercial environment. The property is categorized as a 2nd generation space, offering immediate occupancy potential.

• CAP approach

  CAP return

  Valuation

  6%

  $11,627,070

  6.5%

  $10,732,680

  7%

  $9,966,060

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,193,423

  Geo Method

  $13,193,423

• Alternative Use

  Use

  Valuation

  Residential

  $9,053,417

  Hospitality

  $8,292,882

  Educational

  $6,899,580

  Medical

  $7,136,867

  Retail

  $10,732,680

Location Insight

City

Commerce

County

Los Angeles

State

California

Latitude

34.0021

Longitude

-118.168

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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