Property Listing No Longer Available for Sale

819 W. Carson Street, Torrance, CA

Retail for Sale - $3,699,900 - 4,979 Sq. Ft. on 1.09 acres


Property Info

CIMLS#124014
Location
  819 W. Carson Street
  Torrance CA 90502
UpdatedAugust 31st, 2015
TypeRetail
Price$3,699,900
Building4,979 Sq. Ft.
Land1.09 acres

Property Description

Existing Polly's Pies restaurant/retail property ready to be repositioned into a 12,000'-20'000 shopping center, retail store or drug store, medical/surgical center. Great location for Retail, shopping center, medical building project. Rental income during the entitlement phase will provide revenue.

Seller motivated will take a look at all reasonable offers. Buyer to cooperate with seller in a 1031 exchange.

The size of the land may potentially support a new retail building of 12,000'-up to 20,000'/ or a strip center with multiple retail stores.

The proforma income is up to approximately $30,000* NNN per month potentially with a proforma cap rate of up to 9.8%

Ideal location general Retail, Shopping Center, medical, surgery, orthopaedic, GI or MRI facility.

The future income and suitability of the project to be verified by buyer. Listing broker or owner make no guarantee either express or implied. Buyer to verify with buyer's experts as to the suitability of the site for any of Buyer's intended use or development.

*Note: Net income figure is projected. Buyer to verify all information. Seller or Seller's agent does not guarantee the accuracy of any information.


Financials



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