654 N Manhattan Pl

NAI Capital Commercial is pleased to present 654 N Manhattan Pl, a single tenant commercial building that is perfect for retail, office, or medical office. The asset is located in Los Angeles’s trendy Melrose Hill area. Previously leased to a high-end commercial cannabis dispensary, the offering is a beautifully designed retail storefront that presents a multitude of opportunities for creative users seeking to enter into one of Los Angeles’ most desirable markets.
The subject property features a 1,677 SF stand-alone building on a 0.14 AC (6,258 SF) lot. The fully gated property features 7 parking spaces, ADA accessibility, and many recent upgrades to the space. Originally built in 1913, the property has been recently upgraded and renovated. It is zoned LAC2, allowing for a wide variety of commercial uses. Easily accessible via the 101 and freeway, it also has an unusual and highly desirable Walk Score of 94 – “Walker’s Paradise.” Building signage is visible from the heavily trafficked Melrose Ave, with traffic counts at Melrose and Western of +/- 39,066 vehicles per day.
Qualifying owners seeking to occupy the property with their own business can acquire SBA financing with as little as 10% down payment. 654 N Manhattan presents an incredible opportunity for any new owner’s creative vision: whether you are seeking to open the next great restaurant in the heart of Melrose Hill’s culinary scene, a thoughtfully appointed art gallery, a gym, medical space, creative office, or even another cannabis use – the only limitations are a new owners’ imagination.