528 N Fries Avenue, Wilmington, CA 90744

About this commercial property

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.

Listing description from the October 2022 sale, as reported to CRMLS.

Sale history

$1,437,500

Sold October 2022 · listed $1,545,000, orig. $1,595,000, on market June 2022 · MLS #SB22124162 · Source: CRMLS

Listing Agent: J.Woody Stahl · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-425-9838 · Bought with: Jay Lim · Good Hand Realty

$1,000,000

Sold October 2021 · listed $950,000, on market July 2021 · MLS #PV21151249 · Source: CRMLS

Listing Agent: Sylwia Szymkowiak · Listing Office: RE/MAX Estate Properties · Contact: 310-544-9999 · Bought with: Arash Khosroabadi · Real Estate Ebroker Inc.

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