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Retail and Mixed Use Development Opportunity 986 W 1st St 1,998 SF Retail Building San Pedro, CA 90731 $1,000,000 ($500.50/SF)
Investment Highlights
- Retail and Mixed Use Development Opportunity with 3 Bays and 15 Car Parking
- 3 Blocks West of Gaffey St
- Signalized Corner Location With Heavy Traffic: 15,585 VPD
- Can Be Delivered Vacant at Close of Escrow
Executive Summary
Property is ideal for various retail uses.. Located on a signalized corner with heavy traffic, the property features a 1,998± SF building on a 10,200± SF lot, with ample parking and 3 auto bays. The property is currently occupied on a month-to-month basis but will be delivered vacant at closing, providing flexibility for owner-users or repositioning.
Strategically positioned 3 blocks west of Gaffey Street, 6 blocks east of Western Avenue, and just 0.5 miles from the 110 Freeway, the site offers excellent accessibility and visibility. Nearby attractions—including the Los Angeles World Cruise Center, Battleship USS Iowa Museum, and San Pedro Fish Market—bring consistent traffic and enhance commercial appeal.
Click here for approved uses: https://library.municode.com/ca/los_angeles_county/codes/code_of_ordinances?nodeId=TIT22PLZO_DIV3ZO_CH22.26SPPUZO_22.26.030MIUSDEZO
Strategically positioned 3 blocks west of Gaffey Street, 6 blocks east of Western Avenue, and just 0.5 miles from the 110 Freeway, the site offers excellent accessibility and visibility. Nearby attractions—including the Los Angeles World Cruise Center, Battleship USS Iowa Museum, and San Pedro Fish Market—bring consistent traffic and enhance commercial appeal.
Click here for approved uses: https://library.municode.com/ca/los_angeles_county/codes/code_of_ordinances?nodeId=TIT22PLZO_DIV3ZO_CH22.26SPPUZO_22.26.030MIUSDEZO
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,998 SF
Building Class
C
Year Built/Renovated
1958/2000
Price
$1,000,000
Price Per SF
$500.50
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
0.23 AC
Zoning
MXD
Parking
15 Spaces (7.51 Spaces per 1,000 SF Leased)
Frontage
Walk Score®
Very Walkable (78)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7451-001-005 | Improvements Assessment | $228,888 |
| Land Assessment | $624,240 | Total Assessment | $853,128 |
Property Taxes
Parcel Number
7451-001-005
Land Assessment
$624,240
Improvements Assessment
$228,888
Total Assessment
$853,128
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Retail and Mixed Use Development Opportunity | 986 W 1st St
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