Address
580 W Pacific Coast Wilmington, CA
Price
$ 1,200,000
Property Attributes
  • MLS#PW20030977
  • TypePending
  • CountyLOS ANGELES
  • CityWilmington
  • AreaWest Wilmington
  • Zip90744
  • StyleRetail
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size12,197 SqFt
Listing Provided Courtesy Of:
Kevin King with Marcus & Millichap.
Data Source:
CRMLS
Property Description

The subject property is a 1,598-square foot stand-alone retail building situated on 0.28 acres of commercial land located along Pacific Coast Highway (State Route-1) in Wilmington (Los Angeles), California. More specifically, the property is located on the signalized southeast corner of Pacific Coast Highway and North Neptune Avenue. Located minutes from the Long Beach Harbor, the building is supported by an abundance of office, retail, and residential properties. Constructed in 1979, the property is currently 100% occupied by TitleMax until May 2020. TitleMax notified the Landlord they will be vacating the property when their lease expires in May. The upcoming vacancy offers a unique opportunity for a value-add investor to consider redeveloping the site or finding a new tenant to occupy the property as it stands. Lastly, an owner/user can purchase the property and take advantage of low SBA financing and interest rates. As a function of the building's location along the iconic Pacific Coast Highway (74,000 vehicles per day), the building provides a perfect opportunity for a business. The building is constructed out of low maintenance brick construction keeping the landlord and tenant's maintenance costs to a minimum. The property offers 20 on-site parking spaces along with street parking which is unique to commercial properties along urban portions of Pacific Coast Highway. Lastly, a large monument sign sits in front of the property on the signalized corner.

Price History
2/12/2020 Listed $1,200,000

General Features

Heating None
MLS Area 195 - West Wilmington
Property SubType Retail
Property Type Commercial Sale

Interior Features

Laundry Features None

Exterior Features

Lot Features 0-1 Unit/Acre
Lot Size Acres 0.28
Lot Size Area 12149
Lot Size Source Assessor
Lot Size Square Feet 12149
Lot Size Units Square Feet
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90744

Price
AVG $670K
$1.2M
Visits
AVG 146
159
Year Built
AVG 1953
1979
Walkscore
AVG 70
85
Data Provided by Walkscore ® not using MLS data

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