Coveted Street-Corner Frontage: 808 S Olive St, Los Angeles, CA 90014
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The property is situated on 8th Street between Olive and Hill Streets in close proximity to South Park, the Jewelry and Fashion Districts of Downtown LA. The property is across the street from the newly signed lease with Whole Foods (to open in 2015) and a plethora of residential apartments (approx. 5,500 units within three block radius).
There are two ingress and egress points from Olive and Hill streets respectively to access the 500+ on-site parking stalls within the project. There is a broad range of configurations that can be demised ranging from as small as 980 square feet to as large as over 20,000 square feet. The ceiling heights will vary from 14 to 20 feet of clearance. Ideal uses include restaurant (there is currently a type-48 liquor license available), retail, gourmet market and fitness.
The Downtown trade area boasts over 500,000 daytime employees and approximately 10 million visitors per year. There are over 52,000 permanent residents with a median household income of over $98,000 per year and a median age of 34 of which 80% are college educated. There are another 10,000 residential units currently being built. The market has become an extremely attractive place to live, work, play and shop. However, it is still quit underserved considering the high income levels, density and concentration of young people.
**Rate is Negotiable**
808 South Olive boasts coveted street-corner frontage, which provides excellent visibility in a high-density foot traffic area and vibrant pedestrian shopping corridor. Further, the site is adjoined by a covered, multi-level parking structure to accommodate driving patrons. The property is located in one of Downtown LA’s most dynamic areas. Situated adjacent to the Historic Core and Financial District, and near hot spots including LA Live, Staples Center, and Nokia Theater, 808 South Olive is strategically positioned to attract business from residents, employees, shoppers, and event goers alike. Its desirable location within a pedestrian friendly area increases the potential for attractive retail sales profitability.
Prime location in the heart of DTLA
Located in a highly dense residential area that features an abundance of upcoming developments
Adjacent to the new Whole Foods Market
Landlord will consider multiple configurations ranging up to 20,000 SF
Ample onsite parking in a covered, above ground garage
