201-207 E Broadway - Office/Residential CONDO FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$1,750,000 USD
714-564-7122
201-207 E Broadway, Long Beach, CA for Sale
$1,750,000 USD
Office/Residential CONDO - FOR SALE
1/39
null | Request Cap Rate

201-207 E Broadway
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • 1 story on the 2nd floor in a 7 story building
  • Turnkey creative office space on The Long Beach Promenade
  • Exposed ceiling with abundant natural light, wood floors, exposed brick and exposed beams throughout, along with operable windows
  • Rare opportunity to acquire an entire floor
  • Private elevator access to the floor
  • Plenty of parking - Two dedicated parking stalls which are paid for by HOA dues, along with plenty of public parking and monthly parking passes avail

OVERVIEW

1.The New Promenade - The new promenade is one of the hottest alfresco, pedestrian-only, urban dining and entertainment districts in Los Angeles County. 2.Partial List of Nearby Amenities a. Less than ½ mile from Long Beach Civic Center, which includes five distinct buildings and landscapes: Long Beach City Hall, the Main Library, the Long Beach Courthouse, Lincoln Park, and the Long Beach Public Safety Building and Police Station. b. Less than ½ mile from new expanded Long Beach Convention Center c. ½ mile from The Pike d.1 Mile from Shoreline Village Marina e. Hotels located within walking distance Include: Marriott Long Beach Downtown, The Westin, Fairmont Breakers Long Beach, Hotel Maya, Hilton Long Beach, Hyatt Regency, Hyatt Centric at the Pike and Hotel Mai. 3.The Property is located in the Pine and Promenade neighborhood in the center of Downtown Long Beach. a.Pine Avenue Promenade is known as the “pulse-center of DTLB” and offers premium entertainment life with diverse food selections. b.East Village is immediately to the east of the property and is a distinctly indie & artistic neighborhood and is one of DTLB’s most intimate neighborhoods, filled with boutique shops and creative businesses. c. To the South is the Waterfront neighborhood which is a vibrant network of business corridors and neighborhoods. It is home to the Long Beach Convention & Entertainment Center, waterfront attractions like the Aquarium of the Pacific and Shoreline Village, more than 180 restaurants, incredible hotels, and so much more. 4.Walker’s Paradise with a 97/100 Walk Score and a very bikeable score of 88/100. 5.Ease of Access a.Less than ¼ mile from the Metro A-Line light rail b. Transit score of 75. c.1 mile from the 710 freeway. d.Close proximity to three major airports: Los Angeles (LAX), Long Beach (LGB), and John Wayne (SNA), providing domestic and international travel. 6.Future Growth: a.The city’s proactive Specific Plan is transforming the Property’s surrounding area into a dynamic live-work environment. The forthcoming 2028 Summer Olympics, with several events hosted in Long Beach, is attracting significant investment in the city’s real estate. 7.Strong Employee Base in the Immediate Area a.41,849 employees located within 1 mile radius, with over 376,877 residents located within 5 mile radius b.Diverse employee base from health care, aerospace & defense, the Port of Long Beach. As Silicon Beach expands south, this employee base and diversity should only increase. c. Close proximity to California State University Long Beach (CSULB - 38,273 students and 2,510 faculty members) and Long Beach City College (LBCC): (34,549 students and 1,064 faculty).

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$540 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Insurance Exchange Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

25,630 SF

STORIES

7

BUILDING CLASS

C

YEAR BUILT

1927

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,659 SF

ZONING

CCB, Long Beach

APN/PARCEL ID

7280-019-023,7280-019-024

ASK ABOUT THIS PROPERTY

Mark JoensLee & Associates Commercial Real Estate ServiceMore Info
714-564-7122

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Mark JoensLee & Associates Commercial Real Estate ServiceMore Info
714-564-7122

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