1957 Pacific Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
1957 Pacific Ave
11,396 SF Retail Building Long Beach, CA 90806 $4,850,000 ($426/SF)
Investment Highlights
- Great visibility on major corridor
- Partially built-out for a retail storefront business
- Lots of use options: retail and industrial
- Beautifully maintained tree-lined street
Executive Summary
Acquire this unique building and get creative. The property will be delivered vacant and is technically zoned retail; however, it also includes industrial/warehouse components. As a former police station and cannabis dispensary the property can accommodate a wide variety of uses, and its purchase includes approvals for non-retail cannabis uses(see below).
Developers welcome! Pacific Ave is a vibrant corridor begging for vertical development. While the site isn’t incredibly large at 0.37 acres, the 16,291 SF lot has alley access and can be assembled with adjacent lots over time.
Property Highlights:
- Delivered Vacant
- 800 Amps Power
- Retail Zoning
- 17,500 Cars Per Day
- Excellent Street Parking
- 15 On-Site Parking Spaces
- 2nd Floor Office Space
- 3-Mile Demographics:
- Population 255,971
- Avg Household Income $84,390
Cannabis Potential:
Included in the sale of the building are the existing approvals for non-retail cannabis uses: cultivation, manufacturing, and distribution. The new owner will need to submit plans for build-out, and the property is grand-fathered in for non-retail cannabis uses. Alternatively, a cannabis retailer seeking a better location may also move their dispensary to this location and take advantage of the existing dispensary build-out which exists in ~5,000 SF
Cannabis Highlights:
- Grandfathered zoning for non-retail cannabis uses
- Applications approved for cultivation, manufacturing, and distribution
- Move your Long Beach dispensary here
- Quality build-out
- Local Cannabis Taxes:
- Manufacturing and Distro: 1%
- Cultivation: $12/SF annually
- Retail: 7% Adult-Use | 6% Medical
Developers welcome! Pacific Ave is a vibrant corridor begging for vertical development. While the site isn’t incredibly large at 0.37 acres, the 16,291 SF lot has alley access and can be assembled with adjacent lots over time.
Property Highlights:
- Delivered Vacant
- 800 Amps Power
- Retail Zoning
- 17,500 Cars Per Day
- Excellent Street Parking
- 15 On-Site Parking Spaces
- 2nd Floor Office Space
- 3-Mile Demographics:
- Population 255,971
- Avg Household Income $84,390
Cannabis Potential:
Included in the sale of the building are the existing approvals for non-retail cannabis uses: cultivation, manufacturing, and distribution. The new owner will need to submit plans for build-out, and the property is grand-fathered in for non-retail cannabis uses. Alternatively, a cannabis retailer seeking a better location may also move their dispensary to this location and take advantage of the existing dispensary build-out which exists in ~5,000 SF
Cannabis Highlights:
- Grandfathered zoning for non-retail cannabis uses
- Applications approved for cultivation, manufacturing, and distribution
- Move your Long Beach dispensary here
- Quality build-out
- Local Cannabis Taxes:
- Manufacturing and Distro: 1%
- Cultivation: $12/SF annually
- Retail: 7% Adult-Use | 6% Medical
Taxes & Operating Expenses (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2024) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
11,396 SF
Building Class
C
Year Built
1952
Price
$4,850,000
Price Per SF
$426
Tenancy
Single
Building Height
1 Story
Building FAR
0.71
Land Acres
0.37 AC
Opportunity Zone
Yes
Zoning
CNP, Long Beach - The property is zoned retail, but is grandfathered into non-retail cannabis uses, ie cultivation, manufacturing, and distribution.
Parking
15 Spaces (1.32 Spaces per 1,000 SF Leased)
Walk Score ®
Very Walkable (85)
Bike Score ®
Very Bikeable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 7209-023-028 | Improvements Assessment | $925,956 |
| Land Assessment | $1,191,258 | Total Assessment | $2,117,214 |
PROPERTY TAXES
Parcel Number
7209-023-028
Land Assessment
$1,191,258
Improvements Assessment
$925,956
Total Assessment
$2,117,214
-
Power Broker Jason Piazza -
Power Broker Meilad Rafiei -
WeCann
1 of 33
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
1957 Pacific Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.