538 5Th St Los Angeles, CA 90731

This 7,358-square-foot vacant commercial property, located at 538 W 5th Street in Los Angeles, CA 90731, presents a compelling investment or lease opportunity. Situated within the vibrant San Pedro Arts, Culture, and Entertainment (SPACE) District, this property enjoys high visibility and easy access to key attractions. The building, constructed in 1950, sits on a 15,002-square-foot lot (APN 7451-027-004), offering significant redevelopment potential. The property is zoned LAC2-1VL-CPIO and features a new roof. Its prime location boasts high foot traffic, proximity to major ports and waterfront attractions, and easy access to major roads and public transportation. Surrounded by a mix of residential, commercial, and cultural establishments, the area offers nearby waterfront amenities, art galleries, retail, grocery stores, parks, and diverse dining options. The property's proximity to Cabrillo Avenue Elementary School, Richard Henry Dana Middle School, and San Pedro Senior High School adds to its appeal. Convenient public transportation options include bus lines 142, 205, 225, 246, and 550. The property's size meets minimum requirements for potential redevelopment, and its location within an Enterprise Zone may allow for a lower parking ratio, increasing the buildable area. This property is ideal for owner-users seeking a large footprint in a thriving San Pedro location or for developers seeking a redevelopment project. The property is currently vacant and available for lease or purchase under a NNN lease type.