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129-131 W 5th St

10,000 SF Vacant Retail Building Long Beach, CA 90802 $3,195,000 ($320/SF)

Investment Highlights

  • 10,000 SF two-story commercial space with a large BONUS 5,000 SF basement
  • Excellent Downtown Long Beach Locaton
  • Private Restrooms and Kitchen
  • Office and Retail

Executive Summary

For Sale or Lease. This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
Build to Suit
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
10,000 SF
Building Class
C
Year Built
1942
Price
$3,195,000
Price Per SF
$320
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.91
Land Acres
0.12 AC
Zoning
PD3O

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1st Floor
  • 10,000 SF
  • Office/Retail
  • -
  • Now

For Sale or Lease. This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.

Space Size Space Use Position Available
1st Floor 10,000 SF Office/Retail - Now

1st Floor

Size
10,000 SF
Space Use
Office/Retail
Position
-
Available
Now

1st Floor

Size 10,000 SF
Space Use Office/Retail
Position -
Available Now

For Sale or Lease. This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.

Walk Score ®
Walker's Paradise (99)
Transit Score ®
Excellent Transit (75)
Bike Score ®
Very Bikeable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

CrossFit
U.S. Bank
Denny's
Chase Bank
Starbucks
Planet Fitness
King's Fish House
Flame Broiler
9Round
F45 Training, Inc.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
7280-004-007
Land Assessment
$98,997
Improvements Assessment
$21,121
Total Assessment
$120,118
  • Listing ID: 32770987

  • Date on Market: 8/12/2024

  • Last Updated:

  • Address: 129-131 W 5th St, Long Beach, CA 90802

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