Auto Repair Shop / Auto Body Shop Opportunity | 1629 W 8th St
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Auto Repair Shop / Auto Body Shop Opportunity 1629 W 8th St
1,164 SF Retail Building Los Angeles, CA 90017 £1,682,268 (£1,445/SF)
Investment Highlights
- Excellent visibility and significant frontage on the bustling 8th Street.
- Fantastic area demographics - Near Downtown Los Angeles
- Large office space
- Great accessibility with direct access to the 110 and 10 Freeways.
- Current month to month tenancy (The property can be delivered as vacant property) Ideal Owner-User building with tremendous visibility
- Development potential in the metropolitan are of downtown Los Angeles.
Executive Summary
Prime Properties & Associates is pleased to offer a unique opportunity to acquire a rare auto repair and body shop business opportunity property situated in the vibrant heart of Los Angeles. This property, located on 8th Street just a block west of Lucas Street and in proximity to downtown, boasts excellent visibility and accessibility, making it an attractive choice for auto repair business owners and entrepreneurs, especially those looking to establish a spray booth operation, as the seller has obtained city zoning approval for its construction. Its strategic location near the 110 and 10 freeways provides outstanding connectivity. The property features significant frontage on the bustling 8th Street and is currently leased to a month-to-month tenant operating an auto repair shop, which includes a freestanding structure with an auto repair garage and office space. The seller is committed to delivering the site vacant for the new owner, presenting considerable development potential in the downtown Los Angeles metropolitan area.
Property Facts
Sale Type
Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
1,164 SF
Building Class
C
Year Built
1932
Price
£1,682,268
Price Per SF
£1,445
Tenancy
Single
Number of Floors
1
Building FAR
0.17
Lot Size
0.16 AC
Zoning
LAC2-1 - LAC2 zone - 150 Ft. of great frontage on 8th St.
Parking
10 Spaces (4 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Route
Walk Score ®
Walker's Paradise (95)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (80)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 5142-016-022 | Improvements Assessment | £83,034 |
| Land Assessment | £1,245,513 | Total Assessment | £1,328,547 |
PROPERTY TAXES
Parcel Number
5142-016-022
Land Assessment
£1,245,513
Improvements Assessment
£83,034
Total Assessment
£1,328,547
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Auto Repair Shop / Auto Body Shop Opportunity | 1629 W 8th St
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