Despite objections from the Venice Neighborhood Council, Councilman Bill Rosendahl, Congresswoman Janice Hahn and the Venice Stakeholders Association , the Venice Post Office has been put up for sale on Loopnet as of four days ago with an asking price of $7,500,000.
The building is 24,000 SF on a 30,492 SF lot. Price/SF is $312.50
Description from CBRE:
CBRE, Inc. has been retained as the exclusive marketing advisor for the sale of +0.70 (+30,492 SF) acre of land with an existing free standing +24,000 GSF retail building (50% of the GSF is on the ground floor and the remaining 50% is in the basement level) located at 1601 Main Street, Venice, CA 90291. This property offers a user or investor an opportunity to acquire an excellent property with strong visibility. The site has a total of approximately 28 striped parking spaces. There is additional parking located at an adjacent shared lot (metered) and street parking (metered) on all adjacent sides of the building.
Offers from Prospective Purchasers will be due before 5:00PM (Pacific Standard Time) on April 23rd, 2012. The United States Postal Service ( Owner ) will review all offers upon receipt. Once the Owner has reviewed all offers, Owner, through CBRE, Inc. ( Broker ), will counter only those offers deemed “qualified” at Owner’s sole discretion. Since ability to close the transaction according to the terms of the purchase contract will be of paramount importance to Owner, inclusion of Prospective Purchaser’s past development history, recent property acquisition history, an
Venice is a beachfront, actively entertaining tourist attraction in West Los Angeles and is known for its canals, beaches and shopping. The property is located within one mile of; (i) Ocean Front Walk (a 2 1/2 mile pedestrian-only promenade), (ii) Venice Pier & Muscle Beach, (iii) Venice Beach Recreation Center and (iv) Abbot Kinney (high pedestrian traffic) retail shopping area.
Venice Post Office
1601 Main Street