Property summary
This 3,944 square foot commercial building, situated on a 0.1-acre lot at 121 E Street in Wilmington, CA, presents a unique investment opportunity. Currently configured as a meeting hall and industrial kitchen, the property is being used to support a feeding program. However, its adaptable layout and prime location offer significant potential for redevelopment. The building's blank-slate interior allows for a wide range of future uses, catering to diverse business needs. The property's proximity to numerous ongoing construction projects suggests a thriving and developing neighborhood, further enhancing its investment appeal. This presents a chance to capitalize on the area's growth and create a tailored commercial space. The substantial square footage provides ample room for expansion or modification, making it suitable for a variety of commercial ventures. The 0.1-acre lot offers potential for outdoor space or expansion depending on zoning regulations and future development plans. Investors seeking a flexible and strategically located property in a dynamic area will find this Wilmington commercial building a compelling proposition. The asking price of $399,000 makes this an attractive entry point into the Wilmington commercial real estate market. Serious inquiries are encouraged to explore the possibilities this property offers.
Property profile
VerifiedCap rate & NOI
Current use
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Community Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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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