1118 W 37Th Street

Description

A true hidden gem comes to light! The one and only "Corner Store" in San Pedro is for sale and ready for the next generation of ownership. Originally established in 1947, this business/property is a true historical institution in the South Bay. Beautifully arched wooden beam ceilings and "old town" ambiance makes anyone feel right at home. The building, business, and equipment are all included and ready for new ownership to take it to the next level. With the West Harbor waterfront development rapidly progressing in the Port of Los Angeles, the upside for business potential in San Pedro is on the rise! Fully equipped with an extensive refrigeration system, private back office, upgraded kitchen equipment, storage area, and restroom. Newly installed pavers and patio area offer huge potential for outdoor dining. Re-imagine the limitless opportunities for the rear of the property, which may serve as additional outdoor dining, parking, or possible housing to generate additional income. With this being one of the only coastal commercial properties in the exclusive Palisades area, a strong residential base will enhance the potential business that enjoys the beautiful ocean views of Paseo Del Mar (just one block away). Current price is for building and land only. Business and equipment offered seperately. Current financing for both the business and SBA loan for building are assumable and transferable to a new owner/operator. Buyer to verify.

Listing information courtesy of: Peter Hazdovac, HH Coastal Real Estate 310-739-9743. *Based on information from the Association of REALTORS/Multiple Listing as of 11/25/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.