Excellent development opportunity! Just blocks away from the 110 Freeway. Three vacant land parcels in Wilmington, with a favorable, developer-friendly LARD1.5 zoning. Two of the parcels are contiguous, with the third parcel separated by a small alley. Located in a dense residential corridor very close to the nearby Port of Los Angeles, which accounts for approximately 20% of all cargo coming into the United States. Substantial price reduction and great opportunity for a developer to purchase three parcels at an attractive price point. Seller has recently obtained a new Phase I and new Phase II. Phase II Conclusions suggest implementation of VIMS system and Soil Management Plan in the event of residential development. Contact agent for a copy of the recent environmental reports.
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