318-322 S Market St 3,700 SF Retail Building Inglewood, CA 90301 $2,371,085 CAD ($640.83 CAD/SF)

Canon Business Properties, Inc. is pleased to present the exclusive opportunity to acquire 318–322 S. Market Street, a fully occupied multi-tenant retail property located in the core of Downtown Inglewood, California. The property consists of approximately 3,700 square feet of building area situated on a ±4,356 square foot parcel and is currently occupied by three retail tenants, all operating on month-to-month lease agreements. This short-term tenancy structure provides a rare and highly desirable advantage, allowing a new owner to immediately implement a repositioning strategy, increase rents to market, replace tenants, or occupy the space without delays or lease buyouts. The subject property is positioned along Market Street, one of Inglewood’s primary neighborhood-serving retail corridors, offering strong pedestrian activity, excellent visibility with approximately 96 feet of frontage, and proximity to major thoroughfares such as Manchester Boulevard and La Brea Avenue, which carry significant daily traffic. The surrounding micro-market remains tightly held with virtually no vacancy among comparable properties, indicating sustained demand for small-bay retail in this location. The trade area is supported by dense demographics, including more than 824,000 residents within a five-mile radius, median household incomes of approximately $77,000, and over $21 billion in consumer buying power, providing a solid foundation for retail tenancy. Current rents are estimated between $1.60 and $2.00 per square foot, which are below prevailing market rents of approximately $2.10 to $2.60 per square foot or greater, creating a clear and immediate pathway for income growth through repositioning. Offered at $1,695,000, or approximately $458 per square foot, the pricing reflects the property’s prime location, full occupancy, and flexibility premium associated with month-to-month tenancy, positioning it as a value-add and owner-user opportunity rather than a stabilized long-term leased investment. Beyond the existing income profile, the highest and best use of the property is further enhanced by the underlying zoning characteristics along this corridor, which are generally supportive of retail and restaurant uses at street level with the potential for residential units above, presenting a compelling long-term redevelopment scenario into a mixed-use asset. This aligns with broader development trends throughout Inglewood, where older retail properties are being repositioned into higher-density, mixed-use projects to capitalize on land value and housing demand. The city of Inglewood itself is undergoing significant transformation, driven by large-scale developments including SoFi Stadium and Hollywood Park, as well as global events such as the Super Bowl, FIFA World Cup matches, and the 2028 Summer Olympics, all of which are bringing sustained investment, infrastructure improvements, and increased national and international exposure to the area. These catalysts are accelerating economic growth, driving tourism, and enhancing retail demand, particularly in centrally located corridors such as Market Street. At the same time, very limited new retail construction—representing only a small fraction of existing inventory—combined with the ongoing removal of obsolete buildings, is constraining supply and supporting upward pressure on rents and property values. In summary, 318–322 S. Market Street presents a unique opportunity to acquire a fully occupied retail property in one of Inglewood’s most strategic locations, where all tenants are on month-to-month leases, providing immediate operational flexibility and multiple paths to value creation, including rent increases, tenant repositioning, owner-user occupancy, or long-term redevelopment into a mixed-use investment aligned with the city’s ongoing growth and transformation.
A HIGHER USE POTENTIAL: The subject property at 318–322 S. Market Street is not only a stabilized, income-producing retail asset, but also represents a compelling opportunity for a higher and better use driven by its INC 1 zoning designation and strategic positioning within Downtown Inglewood. The current configuration as a 3,700 square foot multi-tenant retail building, provides immediate in-place income; however, the fact that all tenants are on month-to-month leases enables a buyer to swiftly transition the asset into a more optimal long-term use without being constrained by long-term lease obligations. The underlying INC 1 zoning (must be verified by buyer) is intended to support neighborhood-serving commercial uses while also allowing for flexibility in redevelopment, particularly mixed-use configurations that combine ground-floor retail or restaurant uses with residential units above.