Long Beach, CA 90806,2035 Pacific Avenue
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Long Beach, CA 90806,2035 Pacific Avenue
Long Beach, CA 90806,2035 Pacific Avenue
Long Beach, CA 90806,2035 Pacific Avenue
Long Beach, CA 90806,2035 Pacific Avenue
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2035 Pacific Avenue Long Beach, CA 90806

3,560 SqFt


UPDATED:

09/18/2024 04:44 PM

Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Active

Purchase Type For Sale

Square Footage 3,560 sqft

Price per Sqft $167

MLS Listing ID CL24354181

HOA Y/N No

Year Built 1948

Lot Size 4,672 Sqft

Acres 0.11

Property Description

Live/work and medical/dental conversion allowed per the City of Long Beach. We are please to present this renovated and 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 with a 5 year warranty, clean interiors, new HVAC systems in each retail unit and common area, four car parking in the rear, a roll-up 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. At $167 per square foot, the building

Location

State CA

County Los Angeles

Area Listing

Zoning LBCN

Interior

Fireplace No

Exterior

Total Parking Spaces 4

Building

New Construction No

Others

Tax ID 7209024024


Bridge MLS
Listed by Oron Maher • Maher Commercial Realty

Wes Olson

Broker | CA DRE#01248834

+1(925) 354-1062

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2035 Pacific Avenue