129-131 W 5th St - Storefront Retail/Office FOR SALE


Long Beach, CA 90802
$3,195,000 USD
310-625-6825
129-131 W 5th St, Long Beach, CA for Sale
$3,195,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

129-131 W 5th St
Long Beach, CA 90802


HIGHLIGHTS

  • 10,000 SF two-story commercial space with a large BONUS 5,000 SF basement
  • Private Restrooms and Kitchen
  • Excellent Downtown Long Beach Locaton
  • Office and Retail

OVERVIEW

For Sale or Lease. This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.

FOR SALE DETAILS

PRICE

$3,195,000 USD

PRICE/SF

$213 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Pacific Avenue

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

PD3O

APN/PARCEL ID

7280-004-007

ASK ABOUT THIS PROPERTY

Corey SpoundTamarack RESMore Info
310-625-6825

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Corey SpoundTamarack RESMore Info
310-625-6825

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.