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Water Views
Address
1216 Highland Avenue Manhattan Beach, CA
Price
$ 12,750,000
Property Attributes
  • MLS#SB21054017
  • TypeCommercial
  • CountyLOS ANGELES
  • CityManhattan Beach
  • AreaManhattan Bch Sand
  • Zip90266
  • StyleBusiness
  • Price$ 12,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage4093
  • Lot Size6,648 SqFt
Listing Provided Courtesy Of:
Mary Donahoe with Vista Sotheby’s International Realty - 310-529-2297
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

An absolute gem of a commercial development property! Located in the heart of downtown Manhattan Beach, an upscale beach community 35,000 year- round residents and nearly 4 million annual visitors, an offering of this kind almost never hits the market. Sited 2 short blocks from the renowned Manhattan Beach Pier and pristine two mile long beach, the spacious 6,534 sq. foot double lot offers expansive ocean views and all essential elements to support multiple business operations, including mixed use zoning, ample parking, high visibility on a flat buildable corner lot, city utilities, and much more. Very close distance to award-winning restaurants, quaint cafes, coffee shops and luxury boutiques, this extraordinary legacy property has been owned and managed by the same families for the past 50 years and only recently has come onto the market. Don't miss this rare development opportunity, as it is unlikely to be available again in our lifetime! The virtual picture has been changed by the color of the building to a contemporary color. The original picture is showing the building green with white trim and will remain on the photo roll, the new virtual color is grey beige with black trim and black doors which we are disclosing as the look that can be easily achieved.

Price History
3/15/2021 Listed $15,990,000
4/18/2021 10% - $14,500,000
5/13/2021 7% - $13,500,000
7/12/2021 6% - $12,750,000

General Features

Business Type Medical, Real Estate, Retail
Community Features Park
Construction Materials Drywall
Cooling Wall/Window Unit(s)
Electric Electricity - On Property, Standard
Heating Forced Air
Listing Agent Mary Donahoe - BRE#00569175
Listing Agent State License 00569175
Lot Size Square Feet 6648
MLS Area 142 - Manhattan Bch Sand
Property Sub Type Additional Business
Property SubType Business
Property Type Commercial Sale
Roof Asbestos Shingle
Security Features Carbon Monoxide Detector(s), Smoke Detector(s)
Special Listing Conditions Trust
Status Active
Terms Cash, Submit
Topography Level
Utilities Cable Connected, Electricity Connected, Sewer Connected, Water Connected, Overhead Utilities
Virtual Tour https://my.matterport.com/show/?m=9MET6wf6wbA
Waterfront Features Beach Access, Ocean Access, Ocean Side Of Freeway, Ocean Side Of Highway
Zoning CD10

Interior Features

Air Conditioning Y/N Yes
Heating Y/N Yes
Laundry Features None

Exterior Features

Fencing None
Lot Features Corner Lot, Near Park, Near Public Transit, Paved, Rectangular Lot, Street Level, Value In Land, Flat
Lot Size Acres 0.15
Lot Size Area 6648
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 4
Total Parking 15
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 90266

Price
AVG $2.15M
$12.75M
Visits
AVG 86
113
Year Built
AVG 1965
1946
Walkscore
AVG 89
94
Data Provided by Walkscore ® not using MLS data

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