24630 Narbonne Avenue
Prime Downtown Lomita Retail Space
Marketing description
Located in the heart of Downtown Lomita, this prime commercial property is situated on a highly visible lot with a spacious interior and features over 114 feet of frontage on Narbonne Avenue. The building is configured as two separate units, each with its own private entrance, restroom, and air conditioning, making it ideal for an owner-user, multiple tenants, or an investment opportunity. Currently the retail business uses both units in an open concept design. Additional highlights include seven on-site parking spaces, ADA-compliant restrooms, a new A/C unit serving the north side of the building, and a rear office with its own private entrance and plumbing for a hair salon. Downtown Commercial zoning, the property supports a wide variety of commercial uses and may offer the potential for second-story residential development, creating additional value and long-term investment potential (buyer to verify). With an estimated traffic count of over 800 vehicles per hour along Narbonne Avenue, the property benefits from outstanding exposure. Permits and planning have been approved for a new facade giving the property a fresh new look that will further enhance its curb appeal. Offered vacant at closing. For the complete financial profile, please see the offer memorandum.
Investment highlights
• Prime Downtown Lomita Location – Strategically located in the heart of Downtown Lomita with excellent visibility and strong frontage along Narbonne Avenue.
• High-Exposure Commercial Asset – Features over 114 feet of frontage and benefits from an estimated traffic count exceeding 700 vehicles per hour, providing exceptional signage and visibility opportunities.
• Flexible Two-Unit Configuration – Property is designed as two separate units, each with its own private entrance, restroom, and HVAC system, allowing for owner-user occupancy, multi-tenant leasing, or future repositioning.
• Owner-User & Investment Opportunity – Ideal for an owner-user seeking a prominent commercial location or an investor looking to acquire a versatile asset with multiple potential uses.
• Downtown Commercial Zoning – Zoning supports a wide range of commercial uses and may provide future upside through redevelopment opportunities, including potential second-story residential development (buyer to verify).
• Strong Parking & Accessibility – Includes seven on-site parking spaces and ADA-compliant restrooms, enhancing functionality for tenants, customers, and employees.
• Recent Capital Improvements – Features a newer HVAC unit serving the north side of the building, along with approved plans and permits for a new façade renovation designed to enhance curb appeal and marketability.
• Additional Specialty Use Potential – Rear office area includes a private entrance and existing plumbing infrastructure, offering flexibility for a salon or other service-oriented use.
• Vacant at Closing – Provides immediate flexibility for an owner-user, investor, or tenant repositioning strategy.
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