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$995,900
Est. payment /mo
9,147 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Special Purpose
Listing Status Active
Purchase Type For Sale
MLS Listing ID RS25046282
HOA Y/N No
Year Built 1920
Lot Size 9,147 Sqft
Property Sub-Type Special Purpose
Property Description
Prime Commercial Opportunity in the Heart of Crenshaw!
Seize the chance to own a high-visibility commercial property in one of Los Angeles' most dynamic and evolving corridors! Located at 5026 Crenshaw Blvd, this former restaurant space is brimming with potential for investors, developers, and business owners looking to make their mark in a rapidly growing area. With its C2 zoning, opportunity zone incentives, and exceptional traffic counts, this property is primed for success.
Key Highlights: -
- High-Traffic Location – Over 45,000+ daily vehicles pass through Crenshaw Blvd, ensuring maximum exposure. -
- Opportunity Zone & C2 Zoning – Unlock potential tax benefits and flexible commercial use options. -
- Generous Lot Size – Spanning 9,143 sq. ft. with a 2,932 sq. ft. building & detached garage—perfect for redevelopment. -
- Thriving Business Corridor – Positioned in the Crenshaw Corridor Specific Plan, surrounded by new developments and infrastructure growth. -
- Proven Business History – Previously home to Margaritas Cafe (2014-2022), showcasing the property's viability for restaurant or retail use. -
Don't miss this rare investment opportunity in a neighborhood on the rise!
Seize the chance to own a high-visibility commercial property in one of Los Angeles' most dynamic and evolving corridors! Located at 5026 Crenshaw Blvd, this former restaurant space is brimming with potential for investors, developers, and business owners looking to make their mark in a rapidly growing area. With its C2 zoning, opportunity zone incentives, and exceptional traffic counts, this property is primed for success.
Key Highlights: -
- High-Traffic Location – Over 45,000+ daily vehicles pass through Crenshaw Blvd, ensuring maximum exposure. -
- Opportunity Zone & C2 Zoning – Unlock potential tax benefits and flexible commercial use options. -
- Generous Lot Size – Spanning 9,143 sq. ft. with a 2,932 sq. ft. building & detached garage—perfect for redevelopment. -
- Thriving Business Corridor – Positioned in the Crenshaw Corridor Specific Plan, surrounded by new developments and infrastructure growth. -
- Proven Business History – Previously home to Margaritas Cafe (2014-2022), showcasing the property's viability for restaurant or retail use. -
Don't miss this rare investment opportunity in a neighborhood on the rise!
Location
State CA
County Los Angeles
Area Wla - West Los Angeles
Interior
Fireplace No
Laundry None
Exterior
Present Use Commercial
Total Parking Spaces 5
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 5013019020
Special Listing Condition Standard, Trust
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Listed by Marie Ojeda • T.N.G. Real Estate Consultants • 213-706-2172