17000 Hawthorne Blvd
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17000 Hawthorne Blvd
7,080 SF Retail Building Lawndale, CA 90260 £3,101,343 (£438/SF) 3.85% Net Initial Yield
Investment Highlights
- High Traffic
- Development Opportunity
- High Visibility
- NNN Leased investment
Executive Summary
17000 Hawthorne Blvd., Lawndale, CA 90260
Asking $3,899000
For SALE with abundant parking and high visibility on Hawthorne Blvd, this 7,080 s.f. building on a 14,358 s.f. parcel is just a short distance to the South Bay Galleria in beautiful Lawndale, renowned for its Alondra Community Park and South Bay Wedding Center. With easy access and a corner location, this desirable property is ideally suited for a restaurant or other vibrant retail business requiring onsite customer parking. The ground level, single story interior is wide open, with abundant windows facing Hawthorne Blvd., so it’s a “blank slate”, ready for your imagined retail concepts (see renderings).
This property was leased on August 1, 2024 for $12,500 / month NNN on a two-year lease with two 2-year Options
The property benefits from over 40,000 vehicles a day passing by and is just 2 blocks from the intersection of Hawthorne and Artesia, which sees 110,000 vehicles a day, and is one of the busiest intersections in the South Bay area. A retail business here will be in the great company of nearby national retailers such as Starbuck’s, Boston Market, Walgreens, CVS, and Chase Bank. Prospective retailers can also look forward to the nearby South Bay Galleria’s planned remodel and Metro Link’s expansion to attract and generate an even greater customer base. For destination-oriented retailers, this location is just a few blocks away from the 405 Freeway.
The owner has plans for a mixed-use development opportunity comprised of retail space on the ground floor, 35 apartments above, and underground parking below. For prospective developers, these plans can be made available and included in the purchase. The property is also located in a Qualified Opportunity Zone, which offers potential tax incentives to investors / developers.
SALIENT FACTS
Parcel # 4075-014-025
High Traffic Counts - 50,000+ VPD
7,080 s.f. freestanding building
Large 14,358 SF Lot (.33 acres)
18+ Parking Spaces
2 Blocks from South Bay Galleria Mall
Walk Score: Very walkable (88)
Retail / Restaurant
Year Built: 1960
Parking ratio: 2.35 / 1,000 s.f.
Hawthorne frontage: 118 linear feet
Access: Access from three sides, including the rear alleyway
Zoning is NC / Neighborhood commercial, Lawndale. See attached for uses allowed in this zoning
NNN: Approximately $0.50 cents / s.f.
INVESTMENT HIGHLIGHTS
DEVELOPMENT OPPORTUNITY: Landlord has approved plans to build 35 apartment units with ground-floor retail and underground parking.
OPPORTUNITY ZONE: Located in a Qualified Opportunity Zone offering potential tax incentives.
SOUTH BAY GALLERIA REDEVELOPMENT: The subject property is only three blocks from the South Bay Galleria, which is in its first phase of remodeling.
METRO EXPANSION: Metro is expanding its light rail to the South Bay, a $1 billion project that will provide alternatives to traffic along the 405 Freeway corridor with a transit stop to be added just a few blocks from the subject property.
HARD, SIGNALIZED CORNER: – the property benefits from a hard, signalized corner location with over 118 linear feet of frontage along both Hawthorne Blvd. & 170th St.
MAJOR THOROUGHFARE – Hawthorne Blvd is the main north/south commuter route in the trade area with over 53,000 vehicles passing by daily.
Disclaimer: This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Recipient of this report must verify the information and bears all risk for any inaccuracies.
Asking $3,899000
For SALE with abundant parking and high visibility on Hawthorne Blvd, this 7,080 s.f. building on a 14,358 s.f. parcel is just a short distance to the South Bay Galleria in beautiful Lawndale, renowned for its Alondra Community Park and South Bay Wedding Center. With easy access and a corner location, this desirable property is ideally suited for a restaurant or other vibrant retail business requiring onsite customer parking. The ground level, single story interior is wide open, with abundant windows facing Hawthorne Blvd., so it’s a “blank slate”, ready for your imagined retail concepts (see renderings).
This property was leased on August 1, 2024 for $12,500 / month NNN on a two-year lease with two 2-year Options
The property benefits from over 40,000 vehicles a day passing by and is just 2 blocks from the intersection of Hawthorne and Artesia, which sees 110,000 vehicles a day, and is one of the busiest intersections in the South Bay area. A retail business here will be in the great company of nearby national retailers such as Starbuck’s, Boston Market, Walgreens, CVS, and Chase Bank. Prospective retailers can also look forward to the nearby South Bay Galleria’s planned remodel and Metro Link’s expansion to attract and generate an even greater customer base. For destination-oriented retailers, this location is just a few blocks away from the 405 Freeway.
The owner has plans for a mixed-use development opportunity comprised of retail space on the ground floor, 35 apartments above, and underground parking below. For prospective developers, these plans can be made available and included in the purchase. The property is also located in a Qualified Opportunity Zone, which offers potential tax incentives to investors / developers.
SALIENT FACTS
Parcel # 4075-014-025
High Traffic Counts - 50,000+ VPD
7,080 s.f. freestanding building
Large 14,358 SF Lot (.33 acres)
18+ Parking Spaces
2 Blocks from South Bay Galleria Mall
Walk Score: Very walkable (88)
Retail / Restaurant
Year Built: 1960
Parking ratio: 2.35 / 1,000 s.f.
Hawthorne frontage: 118 linear feet
Access: Access from three sides, including the rear alleyway
Zoning is NC / Neighborhood commercial, Lawndale. See attached for uses allowed in this zoning
NNN: Approximately $0.50 cents / s.f.
INVESTMENT HIGHLIGHTS
DEVELOPMENT OPPORTUNITY: Landlord has approved plans to build 35 apartment units with ground-floor retail and underground parking.
OPPORTUNITY ZONE: Located in a Qualified Opportunity Zone offering potential tax incentives.
SOUTH BAY GALLERIA REDEVELOPMENT: The subject property is only three blocks from the South Bay Galleria, which is in its first phase of remodeling.
METRO EXPANSION: Metro is expanding its light rail to the South Bay, a $1 billion project that will provide alternatives to traffic along the 405 Freeway corridor with a transit stop to be added just a few blocks from the subject property.
HARD, SIGNALIZED CORNER: – the property benefits from a hard, signalized corner location with over 118 linear feet of frontage along both Hawthorne Blvd. & 170th St.
MAJOR THOROUGHFARE – Hawthorne Blvd is the main north/south commuter route in the trade area with over 53,000 vehicles passing by daily.
Disclaimer: This information has been secured from sources we believe to be reliable. We make no representations or warranties, expressed or implied, as to the accuracy of the information. Recipient of this report must verify the information and bears all risk for any inaccuracies.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | £119,313 | £16.85 |
Financial Summary (Actual - 2023)
Gross Rental Income | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income | |
---|---|
Annual | £119,313 |
Annual Per SF | £16.85 |
Property Facts
Sale Type
Investment
Sale Condition
Development Sale
Property Type
Retail
Property Subtype
Building Size
7,080 SF
Building Class
C
Year Built
1960
Price
£3,101,343
Price Per SF
£438
Net Initial Yield
3.85%
NOI
£119,313
Tenancy
Single
Number of Floors
1
Building FAR
0.49
Lot Size
0.33 AC
Opportunity Zone
Yes
Zoning
C3, Lawndale - General Commercial Lawndale
Parking
20 Spaces (2.86 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- TBD
- Retailer
- 7,080 SF
- £16.86
- NNN
- Jul 2026
Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
TBD | Retailer | 7,080 SF | £16.86 | NNN | Jul 2026 |
Walk Score ®
Walker's Paradise (90)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 4075-014-025 | Improvements Assessment | £1,279,276 (2024) |
Land Assessment | £1,449,846 (2024) | Total Assessment | £2,729,122 (2024) |
PROPERTY TAXES
Parcel Number
4075-014-025
Land Assessment
£1,449,846 (2024)
Improvements Assessment
£1,279,276 (2024)
Total Assessment
£2,729,122 (2024)
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17000 Hawthorne Blvd
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