2225 Pacific Avenue , Long Beach, CA 90806
Long Beach, CA 90806
Description
Welcome to your next investment opportunity! 2225-2231 Pacific is a prime retail, office building in the Wrigley Village retail corridor offering 112 feet of frontage on walkable Pacific Avenue. Boasting a large rentable space of 4,920 square feet, your options are endless with a variety of allowed uses. The property has been in the same ownership for over 20 years. The space is currently built out with 3 suites and 6 parking spaces in a gated entry at the rear. This building is perfect for an Investor or an Owner User, a 1031 Exchange, or a SBA loan with 10% Down. Tons of upside potential here with steady changes in the area. You can benefit from tremendous value-add as all tenants are on month to month tenancy paying below market rents. The property originally had 4 suites but two suites have been converted into one larger suite (but can easily be converted back). Neighboring areas are Signal Hill, Wrigley Heights, and Downtown Long Beach. The property is also located in the MJ Hemp zone which allow tons of business opportunity and situated conveniently near the 405 and 710 freeways. Please check with the City of Long Beach for all zoning and usage.
Details
| MLS# | AR24040590 |
|---|---|
| Listing Type | For Sale |
| Style | Office Building |
| Sub-Type | Resale |
| Status | Active |
| Year | 1952 |
| Days On Site | 205 |
| Listing Provided By | Real Brokerage Technologies, Inc 855-450-0442 | Ray Kim |
Features
| SQ Feet | 4,920 |
|---|---|
| Story(s) | 1 |
| Acreage | 0.15 |
Market Activity 90806
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90806 |
| Area | 5 Wrigley Area |
| Listing VS Median (in 90806) | |
Price: $1,099,000 low | high Med: $850,000 SqFt: 4,920 low | high Med: 1,967 $ / SqFt: $223 low | high Med: $435 On Site: 205 low | high Med: 49.000000 | |
