986 W 1st St
Prime signalized corner retail and mixed-use development opportunity in San Pedro's Mixed-Use District, offered at $1,000,000 ($50 per SF on land). The 1,998 SF building sits on a 10,201 SF lot with excellent frontage on W 1st Street and S Bandini Street, delivering vacant at closing and ready for owner-user or redevelopment.
The property is positioned three blocks west of Gaffey Street, six blocks east of Western Avenue, and approximately 0.5 miles from the 110 Freeway, providing convenient regional access. The signalized corner location captures 15,626 vehicles per day (2022), with additional traffic counts of 15,585 VPD at Collection Street and 17,764 VPD at N Walker Avenue. The site is shadow anchored to Superior Grocers and benefits from proximity to major San Pedro attractions including the Los Angeles World Cruise Center, Battleship USS Iowa Museum, and San Pedro Fish Market. Built in 1958 on one story, the property includes approximately 15 surface parking spaces.
San Pedro is a dynamic coastal community combining waterfront charm with a growing commercial and cultural scene. Recent developments are introducing mixed-use spaces, restaurants, retail, and recreational amenities along the waterfront and downtown district. The emerging New Little Italy district, cultural landmarks, and easy freeway access strengthen the area's appeal for commercial activity and investment.
- Signalized corner with 15,626 VPD and strong visibility and signage potential
- MXD zoning supports residential and compatible commercial uses
- Approximately 2,000 SF building on 10,200 SF lot with 15 parking spaces
- Vacant at closing; flexible for owner-user, investor, or redevelopment
- Shadow anchored to Superior Grocers; proximity to waterfront attractions and emerging New Little Italy
More property details
Features & amenities
Location
Prime signalized corner location in San Pedro's Mixed-Use District (MXD), positioned three blocks west of Gaffey Street, six blocks east of Western Avenue, and approximately 0.5 miles from the 110 Freeway. The property offers excellent frontage, visibility, and on-site parking with convenient regional access and proximity to major San Pedro attractions including the Los Angeles World Cruise Center, Battleship USS Iowa Museum, and San Pedro Fish Market.
- Signalized corner with high traffic exposure (15,626 VPD); excellent signage potential; shadow anchored to Superior Grocers; proximity to waterfront attractions and emerging New Little Italy district
Additional details
Prime retail and mixed-use development opportunity with strong corner visibility and signage potential in growing San Pedro corridor
San Pedro is a dynamic coastal community combining scenic waterfront charm with a growing commercial and cultural scene. Recent and upcoming developments are shaping the area into a hub for innovation, entertainment, and lifestyle with mixed-use spaces, restaurants, retail, and recreational amenities. Cultural and historic landmarks include USS Iowa Battleship, Los Angeles Maritime Museum, and emerging New Little Italy district.
Zoned MXD (Mixed-Use District). Automotive-related uses are not permitted under existing MXD zoning. Prospective buyers should review applicable MXD zoning code and independently confirm permitted uses and development standards with City of Los Angeles Planning Department.
Buyer to verify all information. This Brochure was prepared by Major Properties and contains summary information pertaining to the Property and does not purport to be all-inclusive. All information is provided for general reference purposes only and is subject to change. Information has been secured from sources believed to be reliable. References to square footage or age are approximate. Recipient must verify the information and bears all risk for any inaccuracies.
The information contained in this offering material is confidential and furnished solely for the purpose of a review by prospective Buyers of the subject property and is not to be used for any other purpose or made available to any other person without the express written consent of Major Properties.