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$999,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID DW25117497
HOA Y/N No
Year Built 1954
Lot Size 0.251 Acres
Lot Dimensions Public Records
Property Sub-Type Retail
Property Description
An exceptional investment awaits in the heart of North Long Beach! This 2,500 square foot retail building, situated on a substantial 10,936 square foot lot, presents a unique opportunity for both immediate income generation and future expansion. ALL THREE RETAIL UNITS ARE VACANT, offering a blank canvas for new businesses or a single anchor tenant to establish a strong presence on high traffic thoroughfare, Atlantic Avenue. This rare vacancy allows for complete customization and strategic tenant selection from day one. The generous size of the lot, which includes undeveloped land, provides significant potential for future expansion, adding more units for increased revenue streams, or creating value-added parking spaces to enhance tenant and customer convenience. Explore the potential available under the mixed use zoning with a strong initiative for new housing development. This is a chance to acquire a versatile asset with immediate upside and long-term growth potential in a dynamic Long Beach neighborhood. Buyers are encouraged to conduct their own due diligence to explore the full scope of possibilities with MU1 zoning.
Location
State CA
County Los Angeles
Area 7 - North Long Beach
Zoning LBCNA
Interior
Fireplace No
Laundry None
Exterior
Present Use See Remarks
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 7124001022
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, Conventional
Special Listing Condition Standard
Lease Land No
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Listed by Julio Bonilla • Keller Williams Pacific Estate • 562-355-8060