627 N Vermont Ave | Los Angeles | $4,950,000
Compass Commercial has been exclusively retained for the sale of 627 N Vermont Avenue in the City of Los Angeles. Great development opportunity! Property is zoned C2 in a Tier 3 TOC. This investment offers an investor the opportunity to purchase a single tenant supermarket asset or redevelop. Supermarket suits to the surrounding area demographics and drives significant traffic to this location. A renowned Grocery chain store is well known in Filipino community in Southern California. The property is made up of an approximately 9,719 square foot building, with approximately 6,369 square feet on the ground floor and approximately 3,350 square feet on the second level all of which is leased to the Supermarket. Supermarket benefits from significant frontage on the heavily trafficked retail corridor of Vermont Avenue. Highway 101 carries 53,312 vehicles past Vermont Avenue exit and the intersection of Vermont and Melrose has a combined traffic count of over 41,854 cars per day.