1957 Pacific Ave, Long Beach, CA 90806

11,396 SF | Retail Building | Long Beach, CA 90806 | $4,850,000 ($426/SF)

Asking Price $4,850,000

Property Type: Retail
Square Feet: 11,396 SF
Price / Square Foot: $426

Listing Contacts

Jason Piazza

Verified Profile

Property Info

Property Overview

Acquire this unique building and get creative. The property is technically zoned retail; however, it also includes industrial/warehouse components. As a former police station and cannabis dispensary the property can accommodate a wide variety of uses, and its purchase includes approvals for non-retail cannabis uses (see below).
Developers welcome! Pacific Ave is a vibrant corridor begging for vertical development. While the site isn’t incredibly large at 0.37 acres, the 16,291 SF lot has alley access and can be assembled with adjacent lots over time.
Property Highlights:
800 Amps Power
Retail Zoning
17,500 Cars Per Day
Excellent Street Parking
15 On-Site Parking Spaces
2nd Floor Office Space
3-Mile Demographics:
Population 255,971
Avg Household Income $84,390
Cannabis Potential:
Included in the sale of the building are the existing approvals for non-retail cannabis uses: cultivation, manufacturing, and distribution. The new owner will need to submit plans for build-out, and the property is grand-fathered in for non-retail cannabis uses. Alternatively, a cannabis retailer seeking a better location may also move their dispensary to this location and take advantage of the existing dispensary build-out which exists in ~5,000 SF
Cannabis Highlights:
Grandfathered zoning for non-retail cannabis uses
Applications approved for cultivation, manufacturing,
Move your Long Beach dispensary here
Quality build-out
Local Cannabis Taxes:
Manufacturing and Distro: 1%
Cultivation: $12/SF annually
Retail: 7% Adult-Use | 6% Medical

Property Details

Class: C
Year Built: 1952
Stories: 1
Property Subtype: Storefront, Bank, Distribution, Warehouse
Lot Size (sq. ft): 16,117 SF

Highlights

Great visibility on major corridor
Lots of use options: retail and industrial
Partially built-out for a retail storefront business
Beautifully maintained tree-lined street

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