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456 Elm Ave 25,129 sq ft 80% Let Retail Property Long Beach, CA 90802 For Sale

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EXECUTIVE SUMMARY

Coldwell Banker Commercial BLAIR is pleased to present for sale the property located at 456
Elm Avenue known as the Partake Collective, this unique one-of-a-kind Ghost Kitchen concept
consists of approximately 25,129 SF of improvements on approximately 7,506 SF of Land.
Partake Collective is dedicated to fostering a collaborative environment for culinary
entrepreneurs. As a shared kitchen incubator, Partake Collective provides members with state-of-
the-art kitchen facilities, resources, and business support. The space is designed to nurture the
growth of food startups, from food truck operators to artisanal brands, offering flexibility with
both private and communal kitchen options. The premises feature a thoughtfully designed space
that includes a front-of-house dining hall, a chef’s kitchen with an exclusive private dining area,
and public restrooms conveniently located on the ground floor. On the second floor, there are
eight private commercial kitchens, each equipped with its own hood system for optimal
ventilation. The third floor offers five shared communal kitchens, along with three walk-in
coolers, one walk-in freezer, a washing station, and eight non-hooded prep kitchens, catering to a
variety of culinary needs. The basement houses a receiving area for deliveries, two additional
prep kitchens, and an employee locker/break room for staff convenience. Except for one
commercial kitchen and two prep kitchens, all have been rented. The communal kitchens
experience a steady flow of hourly renters.

PROPERTY FACTS

Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Restaurant
Property Size
25,129 sq ft
Costar Property Class
B
Year Built/Renovated
1942/2022
Occupancy Rate
80%
Tenancy
Multiple
Number of Floors
3
Plot ratio
2.88
Total Plot Size
0.20 ac
Opportunity Zone
Yes
Use Class
LBPD - Commercial
Frontage
62 ft on Elm Avenue

AMENITIES

  • Food Court
  • Restaurant
  • Wheelchair Accessible

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • USE
  • POSITION
  • AVAILABLE
  • 1st Floor
  • 2,652 sq ft
  • Retail
  • -
  • Now

The Restaurant with Bar Option at Partake Collective is a unique opportunity to open a Restaurant/Bar that currently has a Type 41 License available for use with a CUP application in process for the building to allow a future use of a Type 47 License. The space can also include the dining hall, private dining area, and restrooms located on the ground floor.

  • K4
  • 750 sq ft
  • Retail
  • -
  • Now
  • K5
  • 450 sq ft
  • Retail
  • -
  • Now
  • K7
  • 510 sq ft
  • Retail
  • -
  • Now

Ghost Kitchens are a rapidly growing Food & Beverage segment , expected to become a $1 trillion industry by 2030.* Designed as professional cooking facilities and focused on production of food for take-out or delivery, Ghost Kitchens reduce typical brick-and-mortar restaurant model start-up and overhead costs by as much as 90%.

  • K9
  • 370 sq ft
  • Retail
  • -
  • Now

Ghost Kitchens are a rapidly growing Food & Beverage segment , expected to become a $1 trillion industry by 2030.* Designed as professional cooking facilities and focused on production of food for take-out or delivery, Ghost Kitchens reduce typical brick-and-mortar restaurant model start-up and overhead costs by as much as 90%.

  • P8
  • 240 sq ft
  • Retail
  • -
  • Now

Ghost Kitchens are a rapidly growing Food & Beverage segment , expected to become a $1 trillion industry by 2030.* Designed as professional cooking facilities and focused on production of food for take-out or delivery, Ghost Kitchens reduce typical brick-and-mortar restaurant model start-up and overhead costs by as much as 90%. ******* TEASER RATES BEING OFFERED ON ALL KITHCENS FOR THE FIRST 6 MONTHS - CALL US TO FIND OUT THE RATES AND SCHEDULE A TOUR************

Space Size Space Use Position Available
1st Floor 2,652 sq ft Retail - Now
K4 750 sq ft Retail - Now
K5 450 sq ft Retail - Now
K7 510 sq ft Retail - Now
K9 370 sq ft Retail - Now
P8 240 sq ft Retail - Now

1st Floor

Size
2,652 sq ft
Space Use
Retail
Position
-
Available
Now

K4

Size
750 sq ft
Space Use
Retail
Position
-
Available
Now

K5

Size
450 sq ft
Space Use
Retail
Position
-
Available
Now

K7

Size
510 sq ft
Space Use
Retail
Position
-
Available
Now

K9

Size
370 sq ft
Space Use
Retail
Position
-
Available
Now

P8

Size
240 sq ft
Space Use
Retail
Position
-
Available
Now

1st Floor

Size 2,652 sq ft
Space Use Retail
Position -
Available Now

The Restaurant with Bar Option at Partake Collective is a unique opportunity to open a Restaurant/Bar that currently has a Type 41 License available for use with a CUP application in process for the building to allow a future use of a Type 47 License. The space can also include the dining hall, private dining area, and restrooms located on the ground floor.

K7

Size 510 sq ft
Space Use Retail
Position -
Available Now

Ghost Kitchens are a rapidly growing Food & Beverage segment , expected to become a $1 trillion industry by 2030.* Designed as professional cooking facilities and focused on production of food for take-out or delivery, Ghost Kitchens reduce typical brick-and-mortar restaurant model start-up and overhead costs by as much as 90%.

K9

Size 370 sq ft
Space Use Retail
Position -
Available Now

Ghost Kitchens are a rapidly growing Food & Beverage segment , expected to become a $1 trillion industry by 2030.* Designed as professional cooking facilities and focused on production of food for take-out or delivery, Ghost Kitchens reduce typical brick-and-mortar restaurant model start-up and overhead costs by as much as 90%.

P8

Size 240 sq ft
Space Use Retail
Position -
Available Now

Ghost Kitchens are a rapidly growing Food & Beverage segment , expected to become a $1 trillion industry by 2030.* Designed as professional cooking facilities and focused on production of food for take-out or delivery, Ghost Kitchens reduce typical brick-and-mortar restaurant model start-up and overhead costs by as much as 90%. ******* TEASER RATES BEING OFFERED ON ALL KITHCENS FOR THE FIRST 6 MONTHS - CALL US TO FIND OUT THE RATES AND SCHEDULE A TOUR************

Walk Score®
Excellent pedestrian access (98)
Transit Score®
Excellent Public Transport (75)
Bike Score®
Good for cycling (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures how walkable a location is.
Transit Score® measures access to public transport.
Bike Score® measures how accessible a location is by bike
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures how walkable
a location is. Transit Score®
measures access to public transport. Bike Score®
measures how accessible a location is by bike®

NEARBY MAJOR RETAILERS

Comerica
Dog Haus
Five Guys
King's Fish House
Johnny Rockets
Chase Bank
9Round
Planet Fitness
Starbucks
Vons

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7281-007-042
Land Assessment
£1,943,233
Improvements Assessment
£1,093,068
Total Assessment
£3,036,301
  • Listing ID: 34925978

  • Date on Market: 24/02/2025

  • Last Updated:

  • Address: 456 Elm Ave, Long Beach, CA 90802

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