Wrigley Village Owner-User Retail
3,855 SF | Retail Building | Long Beach, CA 90806 | $1,200,000 ($311/SF)
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $1,200,000
- Property Type
-
Retail
- Square Feet
- 3,855 SF
- Price / Square Foot
- $311
Listing Contacts
Young Lee
Verified Profile
- Property Info
Property Overview
Calla Commercial is pleased to present this retail storefront in Wrigley Village retail corridor of Long Beach California. The property has been in the same ownership for 20 plus years. The property has tremendous value-add as all tenants are on month to month tenancy paying below market rents. The new owner can also occupy partially or the entire retail space for their own business (must occupy min. 51% of building to qualify for an SBA Loan). Property has ample on-site rear parking. Nearby areas are Signal Hill, Wrigley Heights, and Downtown Long Beach. The property is also conveniently located near the 405 and 710 freeways.
Current Month to Month Tenancy: Bike Shop occupies approx. 1,800 SF and pays $1,700 p/m, Insurance tenant occupies approx. 800 SF and pays $2,100 p/m, Rear Storage Tenant occupies approx. 1,255 SF and pays $1,100 p/m. Property owner pays for property tax, property insurance, water for all 3 tenants, electricity for only Bike Shop and Storage tenants.
Absolutely Do Not Approach the tenants.
Current Month to Month Tenancy: Bike Shop occupies approx. 1,800 SF and pays $1,700 p/m, Insurance tenant occupies approx. 800 SF and pays $2,100 p/m, Rear Storage Tenant occupies approx. 1,255 SF and pays $1,100 p/m. Property owner pays for property tax, property insurance, water for all 3 tenants, electricity for only Bike Shop and Storage tenants.
Absolutely Do Not Approach the tenants.
Property Details
- Class
- C
- Year Built
- 1947
- Stories
- 1
- Property Subtype
- Storefront, Grocery/Convenience Store, Freestanding
- Lot Size (sq. ft)
- 8,276 SF
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