This is a commercial real estate investment opportunity for an investor or owner-user to acquire a newer-built building in 2018 located at 817, 819, and 821 Avalon Blvd. The building is approximately 6,000 sq ft on a 9,016 sq ft parcel, with three 2,000 sq ft retail storefront suites. The building has three separate electric meters, making it easy to manage. The property has undergone recent construction work, costing over $1,000,000 in 2018 to rebuild the existing building. The location of the building is highly desirable, with high car and foot traffic throughout the day. The property is located near the ports of Los Angeles & Long Beach and the 110 Freeway. Additionally, it is just a couple of minutes from the upcoming $71 million Wilmington Waterfront Promenade development project. Currently, two of the three suites are leased on a month-to-month basis, and one suite is available. This situation provides an owner/user opportunity to do SBA 10% down financing. Alternatively, a new owner could choose to rent out all of the space at market rates and not be locked into old leases. Overall, this property presents an excellent opportunity for an investor or owner-user looking for a newer-built commercial property in a highly desirable location.
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Attribution contact: 562-495-6070
Listing Agent: George Bustamante
Listing Office: Coldwell Banker Commercial