Courtesy of: Lyon Stahl Investment Real Estate, Inc.
Days On Market: 113
Address: 528 N Fries
County: Los Angeles
Neighborhood: 195 - West Wilmington
528 N Fries Ave is a well-positioned industrial-use property in Wilmington. Built in 1978, the existing 6,375 SF warehouse sits on a large 11,351 SF lot and features an upstairs office, breakroom, and bathroom. The building zoning was recently changed. Per the city, industrial use is grandfathered in (buyer to verify). With the new zoning, a buyer will also have the development potential to build up to 15 units.
Currently with a 4.80% market cap, this property is a unique opportunity for an investor to enter the industrial space or expand their portfolio in a hot market.