For Sale or Lease | Excellent Redevelopment Possibility

Description:

WESTMAC Commercial Brokerage Company is pleased to present the opportunity to acquire or lease 538 W 5th Street, San Pedro, California

538 W 5th Street, San Pedro, California, offers a strategic location in San Pedro’s most dynamic district. It is ideal for businesses seeking high visibility and easy access to key cultural and commercial attractions.

Located in the vibrant San Pedro Arts, Culture, and Entertainment (SPACE) District, this property sits in the historic core of downtown San Pedro. The SPACE District is known for its artistic flair and vibrant community. It covers the areas around Pacific Avenue, Harbor Boulevard, and surrounding streets, hosting various art galleries, studios, retail shops, luxury apartment complexes, luxury live-work apartment complexes, and cultural venues.

This prime location is ideal for businesses seeking high visibility and easy access to the Port of Los Angeles, key cultural and commercial attractions, and to thrive in a bustling cultural and commercial hub. This property provides an excellent investment opportunity for an owner-user, a redevelopment project or a lessee seeking a large footprint in San Pedro

FEATURES
» New roof.
» High foot traffic area.
» Close proximity to major ports and waterfront attractions.
» Surrounded by a mix of residential, commercial, and cultural establishments.
» Easily accessible via major roads and public transportation.
» Nearby waterfront, art galleries, retail and grocery stores, parks, schools and a variety of dining options enhance the livability and convenience of the location.
» Close to Cabrillo Avenue Elementary School, Richard Henry Dana Middle School, and San Pedro Senior High School, all part of the Los Angeles Unified School District.
» Well-served by several public transit lines including 142, 205, 225, 246, and 550, making it easy to commute within the San Pedro area and beyond.


FOR LEASE
$1.45 per square foot**, per month, net net net
Insurance: $8,000 per year | Taxes: $8,608.11 per year

FOR SALE
Contact brokers
Excellent redevelopment opportunity for a commercial property in a prime location

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