Description
Rare opportunity for an investor or developer! Huge 13,340 sqft lot with 2 street curbs ( 1 on left side & 1 on right side)! Zoned LAC 1.5, per LA zoning, the lot could allow up to 33 residential units (Buyers to verify zoning and complete their own due diligence)! Currently setup as a mixed use property with 3 meters consisting of approximately 4,000 sqft of commercial retail storefront space on ground floor (setup as 3 units each with their own bathroom) and a remodeled 1000 sqft residential 2 bd, 1 ba, unit on 2nd floor! Additional detached oversized 2-car garage in rear approx 400 sqft! High car and walk traffic throughout the day! Just a couple minutes from the upcoming Wilmington Waterfront Promenade development! Currently fully vacant, allows you to rent out at market rates and not be locked into to old leases! Potential 7-9% Cap Rate!
Location
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$1,212,500
3,680 Sq ft
ACTIVE
MLS# CRPV23218424
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Listing Agent: ALEX DOLGINOV
Listing Office: DOLAN REALTY COMPANY
