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.
MLS # | DW25117497 |
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Listing Type | For Sale |
Style | Retail |
Sub-Type | Resale |
Status | Active |
Year | 1954 |
Days On Site | 10 |
Listing Provided By | Keller Williams Pacific Estate | Julio Bonilla |
SQ Feet | 2,500 |
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Story(s) | 1 |
Units | 3 |
Building(s) | 1 |
Zoning | LBCNA |
Acreage | 0.25 |
Lot Features | Zero To One Unit Acre |
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State | CA |
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County | Los Angeles |
City | Long Beach |
Zip Code | 90805 |
Area | 7 North Long Beach |
Listing VS Median (in 90805) | |
Price: $999,000 low | high Med: $749,450 SqFt: 2,500 low | high Med: 1,110 $ / SqFt: $400 low | high Med: $707 On site: 10 low | high Med: 53.000000 |