Offered at: $875,000
719 Figueroa Street, Wilmington 90744
Estate sale, no court approval needed. Phase 1 and Phase 2 just completed, it’s sparkling clean. Court appraised 2013 for $1,000,000. Original owner, owned it 50 years, built building in 1964/1969. Divisible 7260 sq. ft. building on 5 tied lots. 12,872 sq. ft. of land, completely gated. Outstanding exposure w/275′ of street frontage on 2 streets and parkland on the other 2 sides, on S/W corner of Anaheim & Figueroa, right next to the 110 freeway and the Anaheim off-ramp. (We get TONS of sign calls on this building.) No freeway noise, it’s behind the building up high, with a big blockwall. Heavy power, apx. 14′ ceiling, 8 huge bays, spray booth, 2 offices, 2 baths, large concrete yard, apx. 40 car parking. Awesome industrial location 1/2 mile to L.A. Harbor, 1 block to Harbor College & Harbor Park. C2 zoning allows tons of uses – see list + current Phase 1 + Phase 2 in media. Ideal for container storage fresh off ships, mini storage, or bays could all be rented out separately. Can be purchased with 10% down SBA loan. This is a steal, and could be turned into a goldmine.