705 S Pacific
7th & Pacific - Perfect building for Rehabilitation
Marketing description
Back on the market, this is your chance! Property is currently a three-unit retail building with 90ft of frontage on the historic Pacific Ave in San Pedro. Located in the heart of the San Pedro Property Business Initiative District (PBID) - see addendum, this is an excellent investment opportunity to rehabilitate and take advantage of the growing revitalization of the 6th & 7th St downtown areas, the Warner Grand Theatre, the new West Harbor waterfront development and the multiple new high end apartment units. Huge upside in rents, once rehabbed. The current configuration of three units includes an approx. 1650 sq. ft. Barber Shop; approx. 2300 sq. ft. Pawn Shop an approx. 4550 sq. ft. Secondhand store with an arcade entrance that could be split into two separate units. All units are month to month NNN leases.
Investment highlights
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.
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