Wrigley Village Owner-User Retail | 1973 Pacific Ave
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Wrigley Village Owner-User Retail 1973 Pacific Ave
3,855 SF Retail Building Long Beach, CA 90806 £938,940 (£244/SF)
Executive Summary
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 Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,855 SF
Building Class
C
Year Built
1947
Price
£938,940
Price Per SF
£244
Tenancy
Multiple
Number of Floors
1
Building FAR
0.47
Land Acres
0.19 AC
Opportunity Zone
Yes
Zoning
LBCNP
Parking
12 Spaces (3.11 Spaces per 1,000 SF Leased)
Frontage
77 ft on Pacific Ave
Amenities
- Bus Route
- Signage
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7209-023-008 | Improvements Assessment | £55,520 |
| Land Assessment | £101,982 | Total Assessment | £157,502 |
PROPERTY TAXES
Parcel Number
7209-023-008
Land Assessment
£101,982
Improvements Assessment
£55,520
Total Assessment
£157,502
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Wrigley Village Owner-User Retail | 1973 Pacific Ave
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