Property Description

HUGE PRICE REDUCTION! We are proud to exclusively present for sale an A-Class Commercial Development Project in the WeHo Design District of Robertson and Melrose that is ready to break ground! Be the envy of the town with this beautifully designed space that can be the next big gallery, the most sought after restaurant, the highest-end spa, the trendiest (or couture) clothing shop, a high-end office space, entertainment space, flagship storelarge open spaces inside, so bring your imagination! Walking into this building you will be greeted by a large open space with a front wall of windows and windows all around, including panel doors 18 feet wide that will lead to a side yard. Take the elevator or staircase down and find a large Storage area (that could be additional Showroom space) and three parking spaces! Take the elevator up or one of the two staircases from the ground level and find another open Showroom with large windows, two bathrooms and a terrace in front, overlooking the street. One more floor up and you will reach the large Roof Deck. Build an owner-user building or charge the highest rents in town (currently as high as $12 PSF for this district). Join a great pedigree of nearby businesses that include Chanel, John Varvatos, Intermix, The Beverly Center, and restaurants such as Cecconis, Catch, The Ivy, The Henry and many more. Lots of movement in the area, with Cedars Sinai a stone's throw away, and home to some of the highest incomes in town. This 4,945 SF Lot has been brought back to the dirt and the permits have been paid! Break ground immediately and get that huge price per square foot resale potential from the Investors who love that long-term, high-end retailer with low cap rates. Design Square Footages: Level 1 - Showroom - 2,057 | SF Level 2 - Showroom - 2,216 SF | Lower Level Storage or Showroom - 2,348 SF | Lower Level - Parking - 1,672 SF | Roof Terrace - 646 SF