We scoured Los Angeles to find you this week’s best commercial listings.
Leased Investment Opportunity on iconic Rose Avenue in Venice. Restaurant building with strong tenant in place. Excellent rental income with 3% yearly increases throughout the lease term. Patio Dining. Tenant has Type 41 Beer & Wine License. Rose Avenue is now the Restaurant Row of Venice. Courtesy of Dogtown Realty Inc.
NEW LISTING | RESTAURANT | LANKERSHIM BLVD.
CALL FOR PRICE | NORTH HOLLYWOOD | 4,170 SF
Located at the gateway of the vibrant and eclectic NoHo Arts District, this architectural gem has been home to an iconic restaurant for over 50 years. The property is situated on a corner lot along the heavy traffic corridor of Lankershim Blvd. It offers a high profile property in a prime location, close to Burbank, Valley Village, Toluca Lake and Universal City. Designed in the likeness of a 17th Century Chateau, with soaring vaulted ceiling up to 18’ in the main dining room, and has a 2nd floor “Wine Attic” with storage up to 2000 bottles! Property is located in an Enterprise Zone, and allows an owner to fulfill their vision of an exciting restaurant concept, or the flexibility of re-imagining the building’s use. A type 47 license and type 58 Catering license may also be available. Courtesy of Hampar Properties.
Property is located at corner on a extremely busy street (good for future development or existing business) Currently property is being used as bakery by the Seller. Seller is retiring and and wants to sell everything as package. Buyer has the right to continue the existing bakery business or close it and do something else with the property. The existing business is in full operation and has existing gross sale approx $350,000 per year (according to the Seller). With anew management and remodeling Buyer can enjoy higher sales. Courtesy of Re/Max.
NEW LISTING | RESTAURANT | 1710 NORTH VERMONT AVE.
LISTED AT $8,950,000 | LOS FELIZ | 15,290 SF
The subject property consists of a two-story building facing Vermont and a two-story patio restaurant addition, completed in 2009, connected in the back. The entire building totals 15,290 square feet, which doesn’t include a 1,000 square foot basement. The first floor of the front two-story masonry building is leased to Rockwell Restaurant while the 8 offices on the second floor are either used by the owner or leased to various tenants on a month to month basis. The two-story patio restaurant addition is entirely occupied and lease by Rockwell Restaurant. Courtesy of Coldwell Banker Commercial.
NEW LISTING | RESTAURANT | 136-142 SOUTH BARRINGTON PL.
LISTED AT $5,800,000 | BRENTWOOD | 4,413 SF
The property, at 140 South Barrington Place, is a quaint, single story structure currently configured with three units. The tenants, a restaurant, a dry cleaner and an aesthetician, together occupy a total of 4,413 square feet. The restaurant space is fully built-out with grease traps, a hood system, a walk-in cooler and an HVAC system. Courtesy of Lee & Associates Commercial Real Estate Service.
For more information on these properties or similar ones, please feel free to contact us anytime.
PLG Estates, an independent member broker does not guarantee the accuracy of information provided. Buyer is advised to independently verify the accuracy of all information. Broker / Agent providing information may or may not have been the listing and/or selling Agent.