Location! Location! Location! Currently running Movie Theater, known as "Gardena Cinema" with a Commercial lot size 41,695 sq ft (Two lots including a parking lot) on a busy Crenshaw Blvd (near from the corner Marine Ave) in Gardena City for sale, its property and its theater business together.
The present owner has owned and operated the movie theater business for the past 46 years long and now seller is ready to retire from this lovely business. The theater building size is 10,231 sq ft with capacity 800 seats, built in 1947, one story-building with a high ceiling and parking 120 lots attached. There is one tenant, a beauty hair salon in the right side of the theater entrance.
This sale is included movie/cinema business and its equipment. Any buyer can run the cinema business or rent the theater for a movie company or others at the rate of $1,200~1,500 per hour. Currently the cinema is showing is daily.
This property is also having a big potential for redevelopment opportunities for a multi unit apartments on this large lot (Buyer and its agent must verify with local governments about all information). This property is located in growing area, near El Camino College, LAX airport, SoFi Stadium and Downtown LA. Easy access to Freeway 110, 405, 105 and 91.