2035 Pacific Avenue

Long Beach, CA 90806

$6,408/month

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $1 / sqft

1948

calendar_month Built

Property Description

Live/work and Medical/Dental conversion allowed per the City of Long Beach. Owner Would Consider Carry-Bank Financing to Qualified Buyers. 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 $1.80 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 $196 per square foot, the building falls in line with the average price per square foot for other retail buildings along the Pacific corridor, but is better located than the average building on the corridor.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms 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
MLS 24354191
List Price $6,408/month
Status Active
Type Commercial Lease
Structure Size N/A
Lot Size 4,672
Year Built 1948
DOM 75

Exterior Information

Maps

Listing information courtesy of: Oron Maher, Maher Commercial Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 16th, 2024 at 8:14 AM 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.