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DTLA: Broadway Retail/Creative Office with Basement & HUGE POTENTIAL! (535 S Broadway - $1.25psf/6,950sf

Description

Located on the most under-rated block of Broadway, the block between 5th/6th St, this retail space has GOLDEN POTENTIAL. THE LOCATION: The Spring Arcade Building Food Hall is across the street, along with the basically abandoned looking Arcade, Cameo, and Roxie Theaters.  Donut Fried just moved in next door.  The block has both tons of loft apartments as well as creative office spaces.  Tons of restaurants, bars, cafes, and amenities within very close walking distance.  This block is bound to redevelop with so many large retailers moving in toward the southern side of Broadway including Apple, Gap, Urban Outfitters, Acne Studios, Burlington Coat Factory, and more.  Also on the southern end big developments like the Broadway Trades Center and the Ace Hotel and more have also sparked the redevelopment.  On the opposite northern side Grand Central Market is only a few blocks away and there’s also several very popular bars on the way there. THE BUILDING: Previous tenant was retailer who sold adult gifts, souvenirs, pipes/bongs, and framed pictures.  It was a relic of the old generation of this block.  THE GROUND FLOOR: This ground floor retail space is approximately 3475sf with an approximately 3475sf basement!  Spaces can be rented together or separately.  If you lease the ground floor, you get the basement space FREE!  Rent the basement by itself, it’s only $1psf, but the basement can only legally be used as storage because it only has a single staircase access point.  Starting with the RETAIL this space has WINDOWED FRONTAGE letting in tons of NATURAL LIGHT and plenty of showcasing space. Exterior is painted gray and has a newer gray canopy.  There’s tile flooring through out 3/4 of the ground floor and in the very back is wood flooring.  DROPPED CEILINGS are installed but have been partly removed to expose the SOARING 18 FOOT RAW WOOD EXPOSED CEILINGS!  So the new tenant can put the dropped ceilings back in or remove them completely to make it the INDUSTRIAL COMMERCIAL LOFT LOOK.  There’s also really cool looking earth quake retrofit METAL BEAMS that also add a lot of character and an industrial vibe to the style as well.  CENTRAL HVAC is also installed (not sure if it works) but ducts would have to be replaced if the dropped ceilings were removed. There’s pretty cool lighting currently installed.  In the back there’s a private office and a large back room area that could be made into a common area for a separate basement tenant so both tenants could share the bathroom and the exterior sink.  Also in the back is a PATIO AREA with a REMOTE CONTROLLED METAL ROLL-UP DOOR that leads to LINDLEY ALLEY.  THE BASEMENT: Trippy basement with single stair access from the back of the building.  It features HIGH CEILINGS (an estimated 11 feet), cement flooring, white walls, and a few rooms.  Pics speak for themselves!  There’s a couple of trippy areas in the basement as well that could possibly also be used for storage as well.  THE SPACE IS PRICED TO LEASE QUICK!  Lease it before someone else does! Huge potential for this property and it will be 100% occupied if it’s the last thing I do! High speed internet available for monthly fee. There’s parking on-site available for an additional monthly fee. Per negotiation, Landlord can modify and improve the spaces to meet your needs. Ask me the advantages of signing a three-year lease! On all our listings MINIMAL ONE YEAR LEASES ARE ACCEPTED ONLY, and owner may require a longer than one-year lease for this listing. Showings by APPOINTMENT ONLY. We are a real estate brokerage, if this space doesn’t meet your needs we may have or know about something else that does. Please submit your information on the QUICK CONTACT FORM (to your right on desktop) or call/text 213-304-4727 now! And don’t forget to follow us on social media at the links above, thank you!

DISCLOSURES: The information contained herein is deemed reliable but was obtained from third parties and has not been independently verified by Quixotic Realty Inc and is therefore not guaranteed. Brokers/agents are not qualified to act, consult, make conclusions, and/or provide advice with respect to legal, tax, environmental, licensing, permitting, architectural, building code and construction, soils-drainage, and/or any other such matters, so for these things you should refer to the appropriate expert of your choice for confirmation. Pictures shown might not be of the actual particular available space, but of a similar one in the same building. If there is a common area shared by the unit listed, the unit square feet listed on marketing materials are the gross (rentable) square feet which includes a 20% load factor (common area factor) added to the net (usable) square feet. For multiple reasons, the square feet are approximate and are not guaranteed, leases assume you measure the square feet of the space before leasing and approve of the calculation. Rent rate and terms on all of Quixotic Realty Inc’s and affiliates advertisements and correspondences are subject to change so the final rent rate and terms are not valid or binding until a written lease has been signed by lessor and lessee. Please see our web-site for full disclosures. Lic#01753250

Essential Information

Address:
535 S Broadway
Status:
For Lease
Lease Type:
NNN
Monthly Rate:
$8,688
Square Feet:
6,950sf

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453 S. Spring St Suite 818

Los Angeles, CA 90013

United States

Opening Hours

Monday - Friday : 9 am - 6 pm
By Appointment Only



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Lic. #01753250 || Copyright © 2017 QUIXOTIC REALTY INC. || Disclosures || Property Management || Links