1990 Pacific Ave | Long Beach, CA 90806
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1990 Pacific Ave
Long Beach, CA 90806
Potential Multifamily Development Site · Retail Property For Sale
Investment Highlights
- Optimal opportunity for an owner/user.
- Centrally located between the 710 and 405 freeway.
- Major Transit Stop Oriented Development, situated amidst an array of conveniently accessible bus stops and connecting to the PCH light rail station.
- Wide variety of uses permitted under the LBCNP Zoning designation.
- High visibility corner development site benefiting from ± 25,000 AADT*.
- Benefiting from excellent freeway connectivity, with easy access to the 710 and 405 freeways.
Executive Summary
Colliers is pleased to present for sale 1990 Pacific Avenue in the city of Long Beach. The property comprises ± 6,750 SF of land and features a retail building spanning ± 1,239 SF. This site stands as a prime investment opportunity in the competitive retail real estate sector. With its strategic location and a vacant building, investors have a unique chance to achieve market rents in a robust retail market, poised to deliver attractive returns to those seeking to capitalize on the dynamic retail landscape. Additionally, the property holds significant appeal for owner/users in the region. The entire ± 1,239 square foot restaurant building is currently 100% vacant, presenting investors with a blank canvas to realize their vision. This flexibility allows for immediate renovations, catering to a broad spectrum of investor preferences.
This property offers an exceptional opportunity for development, boasting a Commercial Neighborhood Pedestrian zoning designation that accommodates a diverse array of potential uses, such as live/work units and professional services like dentistry, medical offices, urgent care services, among others. This prime site presents an ideal canvas for maximizing development possibilities within the established zoning parameters.
Colliers provides zoning information based on Long Beach’s current code but cannot guarantee its accuracy or completeness. Interested parties should conduct their own due diligence with city authorities for precise zoning details. Colliers is not liable for any discrepancies or changes in zoning regulations affecting the property.
This property offers an exceptional opportunity for development, boasting a Commercial Neighborhood Pedestrian zoning designation that accommodates a diverse array of potential uses, such as live/work units and professional services like dentistry, medical offices, urgent care services, among others. This prime site presents an ideal canvas for maximizing development possibilities within the established zoning parameters.
Colliers provides zoning information based on Long Beach’s current code but cannot guarantee its accuracy or completeness. Interested parties should conduct their own due diligence with city authorities for precise zoning details. Colliers is not liable for any discrepancies or changes in zoning regulations affecting the property.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Redevelopment Project
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,239 SF
Building Class
C
Year Built
1956
Price
$1,437,370 CAD
Price Per SF
$1,160 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.15 AC
Opportunity Zone
Yes
Zoning
LBCNP
Parking
12 Spaces (9.68 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Pylon Sign
PROPERTY TAXES
Parcel Number | 7209-020-004 | Improvements Assessment | $190,515 CAD |
Land Assessment | $777,946 CAD | Total Assessment | $968,461 CAD |
PROPERTY TAXES
Parcel Number
7209-020-004
Land Assessment
$777,946 CAD
Improvements Assessment
$190,515 CAD
Total Assessment
$968,461 CAD
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