Property summary
This exceptional 0.17-acre commercial property, located at 122 East Street in Wilmington, California, presents a compelling investment opportunity. Comprising two parcels, this prime, fenced vacant lot is situated in both an Opportunity Zone and the Harbor Gateway State enterprise zone, offering significant tax advantages and potential for development incentives. Its strategic location provides easy access to the Port of Los Angeles, a major economic driver, and is in close proximity to Vanco Distribution, offering convenient access to railroad freight forwarding services. The property is specifically well-suited for a low-income multi-family development project, catering to a growing need in the area. Detailed information is available in the Offering Memorandum. Potential buyers are responsible for verifying all aspects of the property and its suitability for their intended use. The asking price for this exceptional opportunity is $650,000. Don't miss this chance to acquire a highly desirable commercial lot in a thriving location.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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