Automotive Property for Sale in San Pedro, CA | $1M
986 W 1st St presents an opportunity to acquire an automotive retail and mixed-use commercial property in San Pedro with an existing automotive-oriented configuration and significant flexibility for future use.
Retail / Mixed-Use Development • San Pedro, CA
986 W 1st St, San Pedro, CA 90731
Asking Price: $1,000,000
Building Size: 1,998 SF
Lot Size: 10,200 SF / 0.23 AC
Price/SF: $500.50
Parking: 15 Spaces
Auto Bays: 3
Frontage: 120' on 1st St
Zoning: MXD
Traffic: ~15,585 VPD
Vacant Delivery: The property is currently occupied month-to-month by an automotive repair and muffler service business but can be delivered vacant at closing, providing flexibility for an owner-user, investor, or developer.
At-a-Glance
Why This Deal
Investment Highlights
Retail & Mixed-Use Development Opportunity
The property sits on approximately 10,200 SF of land with an existing 1,998 SF commercial building, three auto bays, and 15 parking spaces, creating flexibility for continued commercial use or future repositioning.
Signalized Corner Location
The property occupies a prominent signalized corner with approximately 15,585 vehicles per day, providing strong visibility and accessibility for an owner-user or retail operator.
Vacant Delivery Available
The existing automotive repair and muffler tenant occupies the property on a month-to-month basis. The property can be delivered vacant at close of escrow, allowing the buyer to immediately implement its own business plan.
Three Functional Auto Bays
The existing configuration includes three automotive service bays, making the property particularly well suited for automotive repair, service, muffler, tire, detailing, or related uses, subject to applicable approvals.
15-Car Parking
The property provides 15 on-site parking spaces, an attractive feature for retail, service, automotive, and other commercial users.
Strategic San Pedro Location
Located just three blocks west of Gaffey Street, six blocks east of Western Avenue, and approximately 0.5 miles from the 110 Freeway, the property offers convenient access throughout the South Bay and Los Angeles Harbor area.
Multiple Nearby Demand Drivers
The surrounding area benefits from proximity to the Los Angeles World Cruise Center, Battleship USS Iowa Museum, and San Pedro Fish Market, supporting substantial visitor and commercial traffic.
The Opportunity
Overview
986 W 1st St presents an opportunity to acquire a retail and mixed-use commercial property in San Pedro with an existing automotive-oriented configuration and significant flexibility for future use.
The 1,998 SF building sits on approximately 10,200 SF of land and features three service bays, 15 parking spaces, and approximately 120 feet of frontage along 1st Street.
The property is currently occupied by an automotive repair and muffler service shop on a month-to-month basis. The seller can deliver the property vacant at closing, making the opportunity particularly attractive to an owner-user seeking immediate occupancy or an investor looking to reposition the asset.
The MXD zoning and location provide additional potential for a variety of retail and mixed-use applications. Buyers should independently verify permitted uses and development potential with the applicable authorities.
Property Specs
Type
Automotive / Gas Station
Building Size
1,998 SF
Lot Size
10,200 SF
Lot Size
0.23 AC
Year Built
1958
Year Renovated
2000
Building Class
C
Building Height
1 Story
FAR
0.20
Address
986 W 1st St, San Pedro, CA 90731
Zoning
MXD
Frontage
120' on 1st St
Parking
15 Spaces
Auto Bays
3
Tenancy
Month-to-Month
Sale Type
Investment or Owner User
Financial Snapshot
$1,000,000
Asking Price
$500.50/SF
Price/SF
1,998 SF
Building Size
10,200 SF
Lot Size
15
Parking Spaces
3
Auto Bays
Potential Uses
The existing building and site may be attractive for a variety of commercial applications, subject to zoning and buyer verification:
Automotive repair
Muffler shop
Mechanic shop
Tire service
Automotive detailing
Retail
Neighborhood-serving commercial
Service business
Owner-user commercial
Mixed-use development
Investment / redevelopment
Buyers should independently verify all permitted uses, development standards, parking requirements, and entitlement requirements.
Location & Market
San Pedro, CA
San Pedro is a major Los Angeles Harbor community with a unique combination of residential density, port-related employment, tourism, retail activity, and transportation infrastructure.
986 W 1st St is positioned approximately three blocks west of Gaffey Street, six blocks east of Western Avenue, and just 0.5 miles from the 110 Freeway.
The property is also located near several prominent San Pedro destinations, including the Los Angeles World Cruise Center, Battleship USS Iowa Museum, and San Pedro Fish Market.
Its signalized corner position and approximately 15,585 VPD provide strong exposure for a future owner-user or commercial operator.
Offering Details
Asking Price: $1,000,000
Building: 1,998 SF
Lot: 10,200 SF
Delivery: Can be delivered vacant at closing
Current Occupancy: Month-to-month automotive repair / muffler service
Zoning: MXD
Contact:
Jesse McKenzie
Major Properties
714-883-6875
jesse@majorproperties.com
Bradley A. Luster
Major Properties
213-276-2483
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