580 W Pacific Coast, Wilmington , CA  90744 for $1,200,000 


 

Title of the document

 

Pending

580 W Pacific CoastWilmington, California CA90744-2559

Listing IDPW20030977

1,598 SqFt

$1,200,000

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.
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