Chinatown Single Unit Free Stndng Bldg

Located on North Broadway, this property sits at the precipice of DTLA getting lots of drive-by traffic, making it ideal for an owner-user entrepreneur that would like to have a ground floor presence, to stop paying rent, and start building equity!  It is right below Dodger Stadium.

This building could be ideal for any professional office use, possibly medical or dental use, along with potentially a bar space.  Current owner originally purchased the property to make it marijuana retail but have since lost interest. So marijuana retail is also a possible use, do your own due diligence to confirm possible uses with the existing zoning and properties of the location.  The property sits on a large hilled lot, and could possibly used for redevelopment purposes as well, potentially for apartments or et cetera.

The property has been recently renovated with a thorough clean up, interior paint, interior lights, and working plumbing.  Space features two doors, cement flooring, exposed ceilings, and a single private bathroom. Street parking only.

Commercial real estate has been in a bear market since 2020 and inflation has increased by around 40% since then.  For sale commercial property, price per square foot wise, is near, if not at, historic lows- in both real and in nominal terms.  You never buy at all time highs, but you do buy at historic lows!  Come buy this unique building in this creative ecosystem, because the area has huge potential for creatives and general commercial uses. This is an excellent long hold acquisition to increase the diversity of your investment portfolio and as a hedge against inflation. Motivated seller.