Rare Opportunity for an Owner-User Medical Office or Developer!
Rare 15,831 Sq ft two-story Retail/Medical Office Building with the two lots equaling 20,195 sq ft of land. The current building was built in 1952 and requires significant value-add. With medical office trading at an average of $500 per square foot, there is tremendous upside in this Medical Office Building structure.
Alternatively, development opportunities are abundant. The city of Inglewood owns the adjacent lots totaling 49,596 sq ft. At one point, the city had approved a partnership to develop a mixed-use project utilizing their lots to develop 141 residential units and 18,000 sq ft of commercial retail/office space. Since the project conditions have expired, a new developer would have to restart the approval process. Still, the city of Inglewood is pro-development and seeks more projects that serve the community.
Property is unpriced. Please reach out to the listing agent for more information. Michael Padilla - 310-420-2541