Retail Business for Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Los Angeles, CA 90017

Description

The historic Foreman & Clark Building features prominent retail space at the corner of 7th/Hill, on one of Downtown's main retail corridors. Vancouver-based real estate firm Bonnis Properties is currently restoring the building's orginal façade, creating a beautiful landmark for Downtown LA. When complete, the building will feature approximately 124 residential units above the ground level retail space. 7th Street has historically been known as one of Downtown's premier retail streets, and users such as Bottega Louie, Uniqlo, and PK Market are helping usher in the next phase. Corner retail space on 7th Street Adjacent to the upcoming PK Market and 1 from the Nomad Hotel ±7,986 SF of retail space on the ground floor (divisible) Approximately 72' of frontage on 7th Street, and 132' on Hill Street Building built in 1928/Renovated in 2020

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.

Unified Estimate

Medium Confidence

$360.42/SF – $425.05/SF

Mid: $424.02/SF

Rate-first confidence-weighted blend with cost-of-business adjustment.

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