San Pedro CA Real Estate & Commercial for Sale

Rare opportunity in San Pedro's revitalization zone! Located directly across the street from the harbor and within walking distance to the newly revitalized Promenade and Town Square project on the waterfront. With stunning views of the harbor and Vincent Thomas Bridge, this property is surrounded by new residential and mixed use developments that links West Harbor and the downtown San Pedro waterfront. The building has been designated a historical building by the city of Los Angeles and was previously operated as Union Baptist Church. Because the building no longer serves as a Church and is vacant, it has been vandalized and is in poor condition, it will require extensive rehab before it can be occupied. Due to the location of this rare development opportunity, the value is in the land. Buyer to do their own due diligence, seller makes no guarantees, sold as is. DUE TO UNSAFE CONDITIONS, PLEASE DO NOT ATTEMPT TO ENTER WITHOUT LISTING AGENT OR OWNER BEING PRESENT.

This high vacancy corner lot C2 zoned property presents a prime opportunity for an owner-user with attractive 90% SBA Financing available, or an investor or developer. Located just blocks away from historic downtown San Pedro, and nearby Cabrillo Marina, San Pedro High School, and the work-in-progress waterfront development, this property is well positioned with 124 feet frontage on Gaffey Street with approxmiately 28,000 vehicle per day traffic. San Pedro is home to North America's largest port at the LA Waterfront and boasts unprecedented opportunity for expansion with almost 5000 housing starts in various stages of development in and around San Pedro, and multiple commercial developments ready to break ground in Downtown and on the LA Waterfront. Less than 3 miles to the Palos Verdes Peninsula, 5 miles to Long Beach, and just 20 miles south of downtown Los Angeles, this centrally located single-story retail building provides easy access to and from the remainder of Southern California.