705 S Pacific Ave - Retail FOR SALE


San Pedro, CA 90731- Central San Pedro
$1,275,000 USD
705 S Pacific Ave, San Pedro, CA for Sale
$1,275,000 USD
Retail - FOR SALE
1/12
null | 3.53% Cap Rate

705 S Pacific Ave
San Pedro, CA 90731
Central San Pedro


HIGHLIGHTS

  • Located in The San Pedro Property Business Initiative District (PBID)
  • Great opportunity to buy a large retail building in up and coming area.
  • Close to new developement on 6th and 7th St., West Harbor -new waterfront and Warner Grand Theatre remodel

OVERVIEW

This property is currently a three-unit retail building with 90 ft. of frontage on historic Pacific Ave in San Pedro. Located in the heart of the San Pedro Business Initiative District, this is an excellent opportunity to rehabilitate and take advantage of the growing revitalization of the 6th and 7th St. downtown areas, the Waner Grand Theatre, the new West Harbor waterfront development and multiple new high end apartment units. Located on Pacific Ave, a major thoroughfare and premier location in the submarket. Located in The San Pedro Property Business Initiative District (PBID) Part of the San Pedro Historic Waterfront Business Improvement District (SPHWBID) Great opportunity to buy a large retail building in up and coming area. Close to the new West Harbor section of the San Pedro Waterfront Development. Close to new housing developments such as Thrive On 7th, San Pedro Bank Lofts and Lasalle Lofts Strong Community Demographics 90 feet of retail frontage. Easily transformed to four store fronts. Classic construction can be transformed to chic modern with ease. All tenants month to month. High-performing intersection, 18,000 cars a day, with excellent visibility.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

3.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7th & Pacific

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront Retail/Residential, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

8,991 SF

ZONING

LAC2

APN/PARCEL ID

7454-003-025

ASK ABOUT THIS PROPERTY

Mitchell GravesCentury 21 Union Realty Co. IncMore Info

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Mitchell GravesCentury 21 Union Realty Co. IncMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.