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Torrance Blvd and Sartori Ave 3,932 SF Retail Building Torrance, CA 90501 $4,961,005 CAD ($1,261.70 CAD/SF)
Investment Highlights
- Unique opportunity to acquire the real estate, profitable business, fixtures, inventory, & equipment in the sale.
- Situated in a dense South Bay City featuring approximately 144,430 people with an average household income of $94,781.
- The subject property has a CUP that allows the sale of liquor with their Type 48 License and can be open until 2:00AM.
- Join an up-and-coming district in the heart of one of the densest cities in the South Bay.
- Recently renovated offering a seamless transition from the front restaurant/bar-tops to the 2,500 SF patio, utilizing sleek sliding glass doors.
- Walker's Paradise (95).
Executive Summary
Fantastic owner-user bar/restaurant opportunity in Torrance! Business has a rare Type 48 liquor license. Well-located freestanding building consisting of a 3,932 SF with a large 2,500 SF patio on a 7,524 SF lot (0.17 ACRES). This is a unique opportunity with the real estate, profitable business, fixtures, inventory, & equipment will all be included in the sale.
The subject property is located in the Torrance District, which is experiencing its own renaissance with the city’s Downtown Revitalization and Connectivity Plan. Downtown Torrance is a place where residents, employees, and visitors can live, work, and play in a vibrant, active, and walkable environment. Here, local businesses can thrive in the midst of new dining, shopping, housing, and recreation. There are many lively dining establishments, retailers, and neighborhood service tenants in the area. Old Town Torrance is an up-and-coming downtown district in the heart of one of the densest cities in the South Bay.
The subject property is located in the Torrance District, which is experiencing its own renaissance with the city’s Downtown Revitalization and Connectivity Plan. Downtown Torrance is a place where residents, employees, and visitors can live, work, and play in a vibrant, active, and walkable environment. Here, local businesses can thrive in the midst of new dining, shopping, housing, and recreation. There are many lively dining establishments, retailers, and neighborhood service tenants in the area. Old Town Torrance is an up-and-coming downtown district in the heart of one of the densest cities in the South Bay.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,932 SF
Building Class
B
Year Built/Renovated
1941/2014
Price
$4,961,005 CAD
Price Per SF
$1,261.70 CAD
Tenancy
Single
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.52
Lot Size
0.17 AC
Zoning
C2, Torrance - Commercial
Very walkable
80/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7355-024-045 | Improvements Assessment | $413,552 CAD |
| Land Assessment | $399,277 CAD | Total Assessment | $812,829 CAD |
Property Taxes
Parcel Number
7355-024-045
Land Assessment
$399,277 CAD
Improvements Assessment
$413,552 CAD
Total Assessment
$812,829 CAD
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Torrance Blvd and Sartori Ave
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