201-207 N. Vermont Avenue is a retail/office property situated on a hard corner of Vermont Avenue and Council Street with 2 adjacent parcels of approximately 14,580 lot SF. The two-story low-rise masonry building is comprised of 14,310 SF, built in 1929 with 18 feet ceiling height on the ground floor and approximately 2,000 SF mezzanine area (not accounted for in the building SF). The property features a loading door in the rear including an elevator, offering easy access for Tenants to move products. On-site gated parking allocated for 30 spaces. Perfect for an Owner-User Investment property or potential development site with current C2 zoning. The property spans over approximately 108 foot of street front exposure on the extensively driven Vermont corridor with a high traffic count exceeding over 45,000 vehicles per day. Future Investors may also consider advertisement billboard to generate additional income (Buyer to verify). Current Owner operates a sporting good/wholesale business and plans to vacate at close of escrow.

Location Description:

The subject property is located in North Koreatown adjacent to the trendy Silverlake, Echo Park, Virgil Village, and Hollywood sub-markets. Directly south of the Hollywood 101 freeway on-ramp and the Vermont/Beverly Metro train stop, 201-207 N. Vermont Ave offers an opportune Transit Oriented Development (TOD) project for an Investor or Developer. This sub-market offers a plethora of vibrant and eclectic entertainment, restaurant, and shopping options.

Highlights:

>> Ideal Owner/User Street Retail OR Investment Property

>> Additional 2,000 SF of Mezzanine Space NOT included into Current Building SF

>> Approximately 108 Feet of Street Exposure on Vermont Ave.

>> 1 Block South of the Vermont/Beverly Metro Transit Stop & 101 Freeway On-Ramp

>> Potential to Add Advertising Income - 45,000+ Traffic Count/Day

>> Minutes to Hollywood/Silver Lake/Virgil Village/Echo Park/Downtown

>> Gated Parking Lot with 30 Spaces

>> C2 Zoning on 14,310 Lot SF

>> Up to 90% SBA Financing Available

>> 18 Feet Ground Floor Ceiling Height

>> Features 1 Elevator & Loading Door

>> New Mixed-Use Development Immediately North of Subject Property

>> Located on a Hard Corner

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