845 Lincoln Blvd, Venice, CA 90291

Property Description

The subject property is the rare opportunity to acquire the fee simple interest in 2 parcels located at 845 Lincoln Blvd & 860 Brooks Ave in the heart of Venice, CA. The property is being offered for sale at $5,250,000 and consists of 4,717 square feet of ground floor retail space in the commercial building at 845 Lincoln Blvd which is situated on a 5,554 square foot lot zoned C2. The residential property located, 860 Brooks Ave, is separated by an alleyway that runs from Brooks Ave to San Miguel Ave to the south. This adjacent parcel is included and has a lot size of 5,879 square feet, zoned RD1.5. This lot is improved with a 572 square foot SFR built in 1947 with 2 parking spaces. The southern part of the parcel is paved and has parking for 9 cars in the parking area. The RD1.5 Zoning allows for a development of up to 3 units or it could be paved and used for additional parking. The property is located on the Westside of Lincoln Blvd (Hwy PCH 1) there is a traffic count of 52,000 vehicles per day. There are many national tenants along the Lincoln Blvd corridor including, Whole Foods, Ralphs, Staples and many specialized boutique retailers and bar/restaurants making this an irreplaceable location.