Unlock the potential of this exceptional urban retail and/or repositioning land development opportunity! This property features a contiguous parcel of land zoned "C2-1VL-CPIO," designated for "Commercial Zone," within the South Los Angeles Community Plan Implementation Overlay District (South Los Angeles CPIO) and Transit Oriented Communities (TOC) Tier 2 Site. Encompassing a total of 11,553+/- square feet of semi-improved land, this site is paved and conveniently located on a corner, boasting a prominent presence with 135 linear feet along Martin Luther King Jr Blvd.
At its core stands a Free-Standing Single-Story building erected in 1962, formerly occupied by Firestone Complete Auto Care. The building features six (6) auto repair bays spanning 3,951+/- gross leasable square feet area, purpose-built for an auto-related service business. Currently, the property owner has been operating an auto repair business on-site since 2017. The owner may consider selling or including all of its trade furniture, fixtures &' equipment (FF&'E) and provide entitlement time for a land developer to process its project, however final terms will be at the property owner’s sole discretion.
Seize the opportunity to shape the future of this property and unlock its true value. Contact us today to learn more and schedule a viewing.
At its core stands a Free-Standing Single-Story building erected in 1962, formerly occupied by Firestone Complete Auto Care. The building features six (6) auto repair bays spanning 3,951+/- gross leasable square feet area, purpose-built for an auto-related service business. Currently, the property owner has been operating an auto repair business on-site since 2017. The owner may consider selling or including all of its trade furniture, fixtures &' equipment (FF&'E) and provide entitlement time for a land developer to process its project, however final terms will be at the property owner’s sole discretion.
Seize the opportunity to shape the future of this property and unlock its true value. Contact us today to learn more and schedule a viewing.
Property Details
Price:
$3,000,000
MLS #:
CV24099583
Status:
Active
Baths:
0
Address:
1471 W Martin Luther King Jr Boulevard
Type:
Commercial
Subtype:
Mixed Use
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
May 16, 2024
State:
CA
ZIP:
90062
Year Built:
1962
Schools
Interior
Exterior
Stories Total
1
Water Source
Public
Financial
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Courtesy of CAREBF INC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1471 W Martin Luther King Jr Boulevard
Los Angeles, CA
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