Description

Ground Zero Highland Park retail property for sale on the corner of Figueroa Street and Avenue 57; the property is available for either an owner-user or an investor: Antigua Bread is operated by the owners of the property and has been in business since 2007; ownership will either vacate the premises or execute a long-term lease for the space; other tenants in the building include Kotn, Viva Hair Studio, and a barbershop; the lease for Kotn expires June 30, 2027 with one (1) five (5)- year option to extend at fair market value; Viva Hair Studio and the barbershop are month-to-month; the property is immediately adjacent to a City parking lot and the Metro Gold Line Station; heavy foot and vehicular traffic (20,613 cars per day on Figueroa Street per 2024 MPSI estimate); three (3) tandem parking spaces (possibility to expand to four (4) as Antigua Bread has outdoor seating which occupies one (1) tandem space); very dense in retail shops, services and restaurants in the immediate vicinity including Highland Park Bowl, CVS, Smart & Final, Food 4 Less, Grocery Outlet, Triple Beam Pizza, Hippo, Highland Park Wine, Go Get Em Tiger, Kitchen Mouse, T-Mobile, Kinship Yoga, The Greyhound Bar & Grill, TheBeastBurgerLA, AutoZone, Mendocino Farms, Jeni's Ice Creams, Afters Ice Cream, Baskin Robbins, HomeState, Cookbook, Subway, El Pollo Loco, Taco Bell, Jack in the Box and Starbucks