HUGE PRICE REDUCTION! Acquire this prime asset for just $750,000. An exceptional investment awaits in the heart of North Long Beach! This 2,500 square foot retail building, situated on a substantial 10,936 square foot lot, presents a unique opportunity for both immediate income generation and future expansion. ALL THREE RETAIL UNITS ARE VACANT, offering a blank canvas for new businesses or a single anchor tenant to establish a strong presence on high-traffic thoroughfare, Atlantic Avenue. This rare vacancy allows for complete customization and strategic tenant selection from day one. The generous size of the lot, which includes undeveloped land, provides significant potential for future expansion, adding more units for increased revenue streams, or creating value-added parking spaces to enhance tenant and customer convenience. Explore the potential available under the mixed-use zoning with a strong initiative for new housing development. This is a chance to acquire a versatile asset with immediate upside and long-term growth potential in a dynamic Long Beach neighborhood. Buyers are encouraged to conduct their own due diligence to explore the full scope of possibilities with MU1 zoning.
Listing courtesy of Listing Agent: Julio Bonilla (Julio@thebonillagroup.com) from Listing Office: Keller Williams Pacific Estates.
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.