219 E Broadway - Storefront FOR SALE


Long Beach, CA 90802
$1,818,180 USD
310-774-3721
219 E Broadway, Long Beach, CA for Sale
$1,818,180 USD
Storefront - FOR SALE
1/18
null | Request Cap Rate

219 E Broadway
Long Beach, CA 90802


HIGHLIGHTS

  • Owner User/ Add Value Opportunity
  • 3,600 Ground Floor, 1,600 Mezzanine
  • Below Replacement Cost
  • Currently, there are 1,620 apartments units under construction in a 12 minute walk from the subject property.
  • Since 2019, there has been 3,098 apartments units built within a 15 minute walk of the subject property.

OVERVIEW

219 East Broadway is an approximately 5,200 square foot vacant building on approximately 3,636 square feet of land. The ground floor is approximately 3,600 square feet and the mezzanine (2nd Floor) is approximately 1,600 square feet. The property is reinforced brick. The subject property is on a soft corner of Broadway and North Waite Court with off street public parking in various parking garages in Downtown Long Beach. There are approximately 8 different public parking garages in a 1 block radius from the subject property. The property is located a 1/2 bock East of The Promenade of Downtown Long Beach, a major destination hub of Long Beach, California and Los Angeles County. Since 2019, there has been 3,098 apartments units built within a 15 minute walk of the subject property. Currently, there are 1,620 apartments units under construction in a 12 minute walk from the subject property.

FOR SALE DETAILS

PRICE

$1,818,180 USD

PRICE/SF

$350 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Retail/ Office Shop Space

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Restaurant, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LBPD30

APN/PARCEL ID

7280-019-015

ASK ABOUT THIS PROPERTY

Marc PerlofKW AdvisorsMore Info
310-774-3721

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Marc PerlofKW AdvisorsMore Info
310-774-3721

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