This investment offering is a rare opportunity to acquire a commercial property in the highly desirable Riviera Village section of Redondo Beach, just 2 blocks from the sand on the Pacific Ocean. The subject property is a medical/dental office building with two suites (1917 & 1919) totaling approximately 4,030 square feet, with onsite parking for 12 vehicles via alley access in 6 tandem parking stalls. The layout of the building is a U-shaped configuration with a center courtyard between each of the two suites which face each other. The C-2 zoning allows a broad array of commercial, office, and retail uses, while the RIV-PD Overlay is intended to encourage pedestrian oriented retail uses. The zoning allows for a new development of up to .50 FAR (Floor Area Ratio) and a maximum height limit of 30' or two stories subject to current building standards, required setbacks, and other city planning requirements. The property is in an A+ location of Redondo Beach in Riviera Village just below the foot hills of the Palos Verdes Peninsula. The property fronts Catalina Avenue which is "Main Street" and has prominent visibility. The median annual household income within a 1 mile radius is in excess of $100,000, with a population of over 15,000. The immediate area has multi-million dollar homes and condominiums selling at $1 million plus. Riviera Village has a wide selection of restaurants, bars, eateries, boutique shops and professional offices.
Listing courtesy of Stephen Lampe from Re/Max Commercial & Investment
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