The subject property is a four-story, multi-116 S. Market Street, Inglewood, CA 90301, a ±5,431 SF mixed-use building situated on approximately 13,881 SF of land in the heart of Downtown Inglewood. Originally constructed in 1927, the property consists of four individual ground-floor retail storefronts, second-story office or residential space, and a large private rear parking lot, an increasingly rare feature for assets of this vintage and size.
The property is zoned INHC, which allows for a broad range of commercial uses and provides meaningful development and redevelopment flexibility, including the potential to reconfigure or expand the existing improvements subject to city approvals.
With four of the five units currently vacant, new ownership has a clear value-add opportunity to reposition and re-tenant the asset, or to pursue a longer-term redevelopment strategy. The existing layout, parking, and zoning also make the property particularly attractive for owner-users seeking to occupy part or all of the building while leasing out additional space to offset ownership costs and build equity. The combination of location, zoning flexibility, and on-site parking makes this a compelling opportunity for both investors and owner-users looking to capitalize on continued growth in Downtown Inglewood.