8151 W. 3rd St

Lee & Associates, Los Angeles West Inc. is pleased to present for sale, 8151 W 3rd Street, a two-tenant retail building located on a hard corner in the highly sought after neighborhood of Beverly Grove (located between the Beverly Center and the Farmer’s Market). 8151 W 3rd Street is a rare opportunity to purchase a pride of ownership retail asset in a highly coveted area with a stabilized income stream which should appeal to both investors and 1031-exchange buyers. Totaling ±3,011 square feet, the property is divided into two units: The main unit consists of ±2,528 square feet and is leased to a dispensary until November 30th, 2033. The second unit, which consists of ±483 square feet plus a generous amount of outdoor patio space, is lease to a café, Neighborhood, until March 31st, 2028 . The property has 10 parking spaces plus a single space dedicated to handicapped parking. 8151 W 3rd St. is located in the coveted Beverly Grove part of town, a busy and upper scale commercial district with plenty of options for shopping and dining, including a massive shopping center and chic boutique shops on busy but pedestrian-friendly streets. It's dominated by The Grove and Beverly Center, but the main drags also feature a wealth of foodie-friendly restaurants, trendy independent cafes, art galleries, and high-end shopping.Existing 3,500 SF Building Ideal for Owner/User Opportunity or Redevelopment