
Palm View Building
Low Vacancy Updated Office Building
Marketing description
Thompson Team Real Estate is proud to exclusively offer this well positioned property in the heart of Old Town Torrance, this exceptional two-story office building offers a rare opportunity to acquire a highly stabilized asset in one of the South Bay’s most desirable business corridors. Situated on a prominent corner lot with over 30,000 vehicles passing daily, the property benefits from outstanding visibility and accessibility for both tenants and clientele. The building spans approximately 6,988 square feet on a generous 17,860 square foot lot and is currently 95% occupied by a strong roster of long-term tenants, providing immediate and reliable income. With a potential configuration of up to 22 units, the property offers flexibility for future leasing strategies while maintaining historically low vacancy and minimal tenant turnover. Meticulously maintained, the asset reflects pride of ownership throughout. Recent capital improvements include a freshly resurfaced parking lot, exterior repainting, and a well-maintained roof with no known leaks, contributing to its low-maintenance profile. Ample on-site parking ensures convenience for both tenants and visitors—an increasingly valuable amenity in this high-demand area. In addition to its in-place income, the property presents compelling long-term upside. Located adjacent to a newly constructed apartment development, the site may offer future redevelopment potential for a higher-density residential project (buyer to verify), making it attractive for investors seeking both cash flow and value-add or development opportunities. Surrounded by a vibrant mix of retail, dining, and professional services, and anchored in the charm and walkability of Old Town Torrance, this is a rare chance to secure a premier investment property in a supply-constrained market. ALL INFORMATION TO BE VERIFIED BY BUYER OR BUYERS AGENT
Investment highlights
- Heavy Daytime Traffic
- Connected Parking Lot
- Low Historical Vacancy
- Two Story Office Building
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