ECHO PARK — The red-brick Del Mor apartment building – aka Grafton Lofts – serves as the retail hub of Echo Park Avenue, with its ground floor tenants selling everything from coffee and organic veggies to hair cuts and evening gowns. Now, one of those spaces, left vacant by shoe designer Beatrice Valencia, has come up for rent. But prepare to pay a big price for this small piece of Echo Park Avenue store frontage.
The 375-square-foot space is seeking a tenant willing to play $6.50 a square-foot or more than $2,400 a month, according to LoopNet listing. What do you get for $6.50 a square foot? Says the listing:
This is a rare opportunity to take over a prime retail space in the heart of Echo Park on trendy Echo Park Avenue in a charming and very cool 1920′ s era historic brick building! The property boasts an excellent tenant mix and benefits greatly by being directly adjacent to Chango, the legendary café and coffee shop. Landlord willing to contribute TI dollars. Excellent vehicle traffic combined with the benefits of being in a mixed use property (retail below apartments), coupled with a diverse and successful tenant mix are some of the reasons that this is such a unique and fantastic opportunity for a retailer.
The vacant space is a few doors down from the former El Batey market, which has been vacant for several months as the landlord tries to seek a tenant at $3.95 a square foot.