New Listing – Prime San Pedro Development Opportunity
Hythum Kiswani of Lyon | Stahl is pleased to present 537 Nelson St, a development opportunity in San Pedro!
Prime Coastal San Pedro Development Opportunity 3 contiguous lots with approx. 11,620 sq. ft. of land total C2 Commercial Zoning. Current owner has started the entitlement process for a 48-unit mixed use apartment building. Johnson Tower qualifies under Los Angeles’ Transit Oriented Communities program, it sits within the border of a federally-designated Opportunity Zone.
Development has also been surging thanks in part to the Ratkovich Co.’s San Pedro Public Market project. The firm is in the process of redeveloping the 30-acre site, an undertaking that’s expected to cost around $150 million. Other nearby points of interest include Alta Sea Marine Research Center, and the Marymount College San Pedro campus and Johnson Tower is in close proximity to Point Fermin. These addresses enjoy a of 91-Walkers Paradise.
• Opportunity Zone and TOC
-Designated Development Site
• 48 Units Mixed-Use Development
• Near San Pedro Public Market Project
• Excellent Location with Coastal City of San Pedro