Will the Historic Bel Air grocery building become luxury condos?
The property hit the market for first time in six decades
The commercial building that houses Bel Air Foods has hit the market for the first time since 1952 — without an asking price.
The 11,000-square-foot property at 2323 Roscomare Road is being marketed as “ideal for redevelopment.” However, a luxury condo development cannot rise on the site anytime soon. Bel Air Foods, along with two other tenants, have the building leased until 2021, Curbed reported.
Marketing materials spin this as a positive, mentioning the “added bonus of generating income” while the new buyer goes through the permitting process.
The parcel is owned by Spear Bel Air Properties, property records show.
Michael Preiss and Erica Taylor of rsf LA have the listing. [Curbed] – Natalie Hoberman