Retail Business for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA

Description

MARQUEE RETAIL FOR LEASE The Los Angeles Athletic Club features marquee retail space at 7th and Olive Streets, arguably one of Downtown's hottest corners. This historic 1912 building has recently undergone a multimillion dollar renovation, and when complete, will feature a brand new storefront on the ground floor to compliement the unique beaux-arts style architecture of the building. 7th Street has historically been known as one of Downtown's premier retail streets, and users such as Bottega Louie, Uniqlo, Alamo Drafthouse Cinema, and PK Market are helping usher in the next phase. Prime corner retail space on 7th Street ± 7,470 SF of retail space on the corner of 7th & Olive (divisible), plus an additional ± 4,335 SF space available facing 7th Street New storefront will be installed (estimated July 2020) Across from the Nomad Hotel and the upcoming PK Market, and 1 block from Bottega Louie Building built in 1912, and houses an 81-room boutique hotel.

Market Context

This retail in Los Angeles, CA is listed for sale. It has been on the market for 148 days. Compare it against other retail listings for sale in Los Angeles, CA — <a href="/search/sale/retail/california/los-angeles">view the full market</a>.

As of Q3 2023, the Greater Los Angeles retail market showed rents up 0.5% year over year, and cap rates around 5.0%. Source: Consensus Q3 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in Greater Los Angeles?
About 5.0% as of Q3 2023, per Consensus.

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