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Key Details
Sold Price $730,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SW22051032
Sold Date 06/30/22
HOA Y/N No
Year Built 1937
Lot Size 7,505 Sqft
Lot Dimensions Assessor
Property Description
Don’t miss this rare opportunity to have your business in a high-traffic area with great corner visibility near the busy intersection of Paramount and Alondra Blvds. This property’s location and zoning will allow for plentiful commercial and retail options. This is perfect for almost any kind of commercial or retail business! The building is 1,680 sf and the lot is 7,504 sf. There has recently been a great deal of new growth in the area, as there have been many new businesses established as well as building renovations nearby. Just around the corner is historic downtown Paramount. Nearby newer neighbors include Starbucks, The Habit, Chipotle, Waba Grill and much more. Adjacent to the property is a shopping center with a bank and many other businesses. The sale of this property includes the land as well as the building, and an 8-space parking lot. The old historic building needs some TLC and/or renovations or perhaps even a complete redo. There is a large part of the property that is undeveloped which could be used for expansion of the original building, another structure or perhaps a covered area with tables. This would be a great location for a small drive-through eatery or restaurant. The building includes a large open bar area, two bathrooms, a storage room, an office and a large walk-in refrigerator. There is no kitchen in the building, but plenty of room on the lot to expand. The lot is flat and rectangular. It is currently operating part-time as a beer bar. If you’ve ever wanted you own bar, here’s an amazing opportunity to make your dreams a reality. This old retro tavern bar has been in existence since 1937! Whatever plans you have for your business, be sure to take a look at this prime ready location. Your new business awaits!
Location
State CA
County Los Angeles
Area Rk - Paramount South Of Somerset
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating Forced Air
Cooling Evaporative Cooling, Wall/Window Unit(s)
Fireplace No
Laundry None
Exterior
Fence Good Condition, Split Rail, Vinyl
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
Roof Type Flat,Other
Total Parking Spaces 8
Building
Lot Description Corner Lot, Level, Near Public Transit, Paved, Rectangular Lot, Street Level, Value In Land
Story 1
Water Public
Others
Tax ID 7103008019
Security Features Prewired,Security System,Carbon Monoxide Detector(s),Smoke Detector(s),Security Lights,Window Bars
Acceptable Financing Cash to New Loan, Submit
Listing Terms Cash to New Loan, Submit
Financing Cash
Special Listing Condition Trust
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Bought with Julie Potts • Century 21 Cornerstone