W 9th Street Street San Pedro, CA 90731

This unique development opportunity combines three distinct properties on three separate parcels into one comprehensive development opportunity zoned C2, allowing for commercial uses, apartments, or a mix of both. The combined lot permits a 3-story structure with a 45-foot height limit and a floo...r area ratio of 1.5 to 1, yielding a potential development area of 28,800 square feet before density bonuses. Existing structures in this offering includes a 3,769 square foot fully built-out dental office featuring seven exam rooms, an orthodontic bay with four chairs, a lab room, an X-ray room, three offices, a break room, three bathrooms, a storage area, and a reception lobby. Additionally, a 1,077- square-foot house built in 1909 with two bedrooms and one bath adds to the property's versatility. The third parcel is vacant land. Situated in the Central Business District of San Pedro, this property benefits from high visibility on a major thoroughfare. It is located near key landmarks, including the Little Company Providence Hospital and West of Gaffey. The area is part of an opportunity zone, providing potential tax incentives for new developments. The CPIO requirements ensure a balanced commercial use, making it ideal for a variety of development plans. Continue reading