ATWATER VILLAGE – When it comes to attracting new restaurants and retailers, it seems like Los Feliz Boulevard has lagged behind Glendale Boulevard in recent years. But the Atwater Village stretch of Los Feliz has still picked up some new players, and the boulevard’s mainstays, like the Tam O’Shanter, have gotten spruced up to cater to a new generation of customers. The pace of change along Los Feliz Boulevard could be speeding up now that two large retail buildings – less than a block apart – are up for grabs.
Up for sale is the bright orange building that houses India Sweets and Spices in the 3100 block of Los Feliz Boulvard. The 11,400-square-foot building and parking lot are priced at $2.7 million, according to LoopNet. It’s not clear if that includes the business or just the property*, but the listing describes the site as a “rare investment or owner user opportunity, with upside potential.”
Meanwhile, just half a block away at the corner of Los Feliz and Edenhurst Avenue, the nearly 10,000-square-foot home of the former 323 Bakery Cafe Market is up for lease at nearly $15,000 a month, according to the LoopNet listing. The same building, according to the listing, was once home to the Allen Wertz Candy shop & factory, and is permitted for a 60-seat restaurant.
What does this section of Atwater need? A new grocery store or more restaurants?
*Update: A representative for the broker said that only the property is for sale.