Corner Site @ West Martin Luther King Boulevard

For Sale

1471 West Martin Luther King Junior Boulevard, Los Angeles, CA 90062

This Los Angeles property for sale is located at 1471 West Martin Luther King Junior Boulevard. The current listed sale price for Corner Site @ West Martin Luther King Boulevard is $3,000,000. Corner Site @ West Martin Luther King Boulevard is situated on a lot that is 0.27 acre in size.

Contacts

broker

Eric Chavez

eXp Commercial

Property Details

  • Property Type Retail - Street Retail
  • Property Size 3,951 SF
  • Units 1
  • Lot Size 0.27 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Single Tenant
  • Year Built 1962
  • Date Updated Jul 15, 2024
1471 W Martin Luther King Jr Blvd, nestled within the City of Los Angeles submarket of Inglewood, also known as the South LA/Central Los Angeles submarket, enjoys a prime spot along Martin Luther King Jr Blvd. Positioned near Western Avenue and Vermont Avenue, this property offers unparalleled access to employment centers throughout the Inglewood/South LA/Central Los Angeles area. Its strategic location west of the I-110 Freeway enhances accessibility and connectivity.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

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • • Land Development Opportunity: Strategically positioned near Western Avenue and Vermont Avenue, this property offers prime potential for land development.
  • • Retail Repositioning Opportunity: With the potential to construct up to 43 residential units, there is a significant opportunity for retail repositioning.
  • • TOC Tier 2 Site in an Opportunity Zone: Benefit from the advantages of being a Tier 2 Site in the Opportunity Zone, maximizing investment potential.
  • • Corner Lot with ADV 31,383 (2022): This corner lot boasts impressive visibility, with an ADV (Average Daily Traffic) of 31,383 as of 2022.

Getting around

  • 78/100

    Walk Score ®

  • 64/100

    Transit Score ®

  • 63/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Los Angeles, CA
  • Neighborhood Exposition Park
  • Zip Code 90062
  • Market Los Angeles

Points of Interest

  • Expo/Western

    0.60 miles

  • Expo/Vermont

    0.80 miles

  • Leimert Park

    1.78 miles

  • Martin Luther King Jr.

    1.87 miles

  • Hyde Park

    2.26 miles

  • Grand/LATTC

    2.45 miles

  • Farmdale

    2.64 miles

  • San Pedro Street

    2.90 miles

  • Fairview Heights

    3.15 miles

  • Washington

    3.47 miles

  • Gold Star Gas

    0.48 miles

  • 76

    0.58 miles

  • Chevron

    0.64 miles

  • Arco

    0.78 miles

  • Electric Vehicle Charging Station

    1.08 miles

  • Shell

    1.25 miles

  • Adam's Fuel

    1.47 miles

  • FLO

    5.14 miles

  • Culver City Supercharger

    5.30 miles

  • Volta

    6.57 miles

  • Lot 5

    0.84 miles

  • Lot 4

    0.86 miles

  • North Parking Structure

    0.87 miles

  • Joe's Auto Parks

    0.93 miles

  • Gold Lot

    0.94 miles

  • Automate Parking Inc.

    0.95 miles

  • Numero Uno Market Parking

    0.96 miles

  • Downey Way Parking Structure

    0.98 miles

  • Green Lot

    1.02 miles

  • Lot 2

    1.06 miles

  • Jack in the Box

    0.06 miles

  • KFC

    0.09 miles

  • Burger King

    0.35 miles

  • Popeyes

    0.37 miles

  • Jack's Family Kitchen

    0.38 miles

  • Best Donuts

    0.40 miles

  • Pizza King

    0.40 miles

  • Subway

    0.40 miles

  • Carl's Jr.

    0.62 miles

  • Master Burger

    0.67 miles

  • Food 4 Less

    1.00 miles

  • Smart & Final

    1.01 miles

  • Ross

    1.27 miles

  • Trader Joe's

    1.44 miles

  • Target

    1.45 miles

  • Big Lots

    1.56 miles

  • Ralphs

    1.58 miles

  • Slauson Super Mall

    1.58 miles

  • El Super

    1.64 miles

  • Cal Mart Beer & Wine Food Store

    1.68 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Eric Chavez

eXp Commercial