2035 Pacific Avenue, Long Beach, CA 90806
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Listed Price :
$595,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1948
Property Description
Live/work and medical/dental conversion allowed per the City of Long Beach. We are please to present this vacant in-fill retail building on the highly trafficked Pacific Avenue retail corridor in Long Beach's famed South Wrigley shopping corridor. The property is located just blocks from the Northgate Market, The Wrigley Tavern, Happy Thai, Wicked Wolf Long Beach, Gaucho Beach Cafe and Gabriel's Burgers. This fully vacant building is also offered for lease at $1.19 per square foot, modified gross, making this a pro forma 9.4% cap rate upon stabilization. The building has been renovated and includes a roof replacement, clean interiors, HVAC systems, four car parking in the rear, a door in the rear, high ceilings, 40' of frontage on Pacific Ave, a 600 AMP electrical panel that is not currently connected, fresh paint, and a clean interior. Flexible LBCNP zoning allows for several uses including live-work lofts, restaurants and professional offices. This is perfect for an owner-user wanting to take advantage of SBA or other commercial financing opportunities, or an investor wanting to collect a 9.4% stabilized cap rate return upon completion of building lease-up.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
2035 Pacific Avenue |
| City |
Long Beach |
| State |
CA |
| Zip |
90806 |
| County |
Los Angeles |
| Listing Agent |
Oron Maher DRE #01299093 |
| Courtesy Of |
Maher Commercial Realty |
| List Price |
$595,000 |
| Status |
Active Under Contract |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
4,672 |
| Year Built |
1948 |
Listing information courtesy of: Oron Maher, Maher Commercial Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 24th, 2024 at 10:57 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
