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Listed by Anna James Miller • Western Pioneer Properties
$2,500,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID FR-26138714
Year Built 1979
Property Sub-Type Retail
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional commercial opportunity on highly traveled Long Beach Boulevard in the heart of the Wrigley district. Situated on approximately 12,249 square feet across two parcels, this mixed-use zoned property offers outstanding visibility, strong traffic counts, and exceptional redevelopment potential. Currently configured as a well-established auto sales dealership with office improvements, the property's flexible LBPD-29 Mixed-Use zoning opens the door to a wide variety of commercial, retail, office, service, automotive, or mixed-use residential possibilities (buyer to verify permitted uses with the City of Long Beach). Both the real estate and the established business are included in the sale. This is a rare opportunity to acquire a successful auto dealership that has been serving the community for approximately 30 years, offering the potential for immediate business operations while also benefiting from ownership of the underlying commercial real estate. Whether you're looking to continue the existing operation, expand your business, or reposition the property for a new use, the possibilities are extensive. Whether you're an owner-user seeking a turnkey business with valuable real estate, an investor looking for long-term appreciation and income potential, or a developer searching for your next mixed-use project, this property offers exceptional flexibility in one of Long Beach's premier commercial corridors. Conveniently located near Pacific Coast Highway, Interstate 710, Downtown Long Beach, the Port of Long Beach, Metro transit, and surrounding residential neighborhoods, the location provides excellent accessibility for customers, employees, and future tenants. Properties offering both an established 30-year business and the underlying commercial real estate are increasingly difficult to find. With prominent street frontage, excellent exposure, flexible zoning, and significant redevelopment potential, this is a unique opportunity to invest in one of Long Beach's most active commercial corridors. Buyer to independently verify all zoning, development standards, square footage, parcel information, business information, financials, inventory, licenses, permits, and permitted uses with the appropriate agencies.
Location
State CA
County Los Angeles
Area 8 - Signal Hill
Interior
Laundry None
Building
Lot Description Paved
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900