MarketPier

433 Pine Avenue - Long Beach, CA 90802

$2,510,000
Listing Description

Engel & Voelkers is pleased to present Historic 433 Pine Avenue in the City of Long Beach, California. This commercial sale offers the opportunity to purchase a functional retail property below a 28-unit new development condominium complex. 13; 13; The subject property measures 6,526 square feet and can be divided into four (4) separate retail spaces. Ground floor with over 85' feet of gallery frontage along Historic Pine Avenue. Wide open space with an enclosed floor area that's approximately 85' feet wide x 75' feet deep with a clear height of 17' feet. There are two community restrooms down a small hallway area. 13; There's plenty of parking with metered parking along the street and multiple large city managed parking structures across the street with monthly, daily, and 2-hour free parking. The property is located less than 1/2 mile from the 710 Fwy at Pacific Coast Highway. It has convenient freeway access and is adjacent to the ports of Long Beach leading into San Pedro and Los Angeles. 13; 13; The property is set up in a way that is practical for a number of different types of use and is in turn-key condition. Its attributes and location make this property suitable for owner/users and investors alike. The property is well positioned to benefit from the growth that has been occurring along Pine Avenue and the appreciation that comes along with being located on the main street that is the hub of nightlife and commerce for the Downtown Long Beach area.

Listing Information
MLS Number
OC19008510
APN/Parcel ID
7280009134
Type
Commercial
Sub Type
Retail
Building Size
6,526 sqft
Price / SQFT
$385
No Units
28
Price / Unit
$89,643
Listing Date
1/11/2019
Days Active
4
Last Updated
1/16/2019
Listing Provided By
Scott Hamilton
Engel & Voelkers
BRE# 01125930

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