5738 Atlantic Ave | 5738 Atlantic Ave
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5738 Atlantic Ave 5738 Atlantic Ave
1,624 SF Retail Building Long Beach, CA 90805 $5,989,000 ($3,688/SF)
Investment Highlights
- Chevron Branded Gas Station and 1,624 SF C-Store on a 12,769 SF Lot
- 2-12,000 Gallon Double Walled Tanks with New Hoses and Equipment
- Strong Financials for the C-Store and Gas Station and roughly 40,000 Cars per day on Atlantic and South St
- 5 MPDs, 10 Fueling Positions, and 4 Points of Access Amplify Gas Sales
- Hands on Ownership Has Kept The Property in Great Condition and Fully Compliant with CA
- Only Gas Station on the East Side of Atlantic Between South St and 91 Fwy
Executive Summary
5738 Atlantic Ave is a premier opportunity to acquire and operate a Chevron branded gas station at the signalized intersection of South Street and Atlantic Avenue in Long Beach, CA. The property comes with an Extra-Mile branded, 1,624 square foot convenience store, 5 MPDs and 10 Fueling Positions, 2 double walled 12,000-gallon tanks, and brand-new hoses and equipment. Offering high traf?c counts of roughly 40,000 cars per day, 115,000 people in a 2-mile radius, 4 points of access, and a bus stop in front, 5738 Atlantic Ave has the demographics you’re looking for when operating a gas station. In addition to the already strong demographics, 84 townhomes are under construction across the street that will boost C-Store and gas sales. The property has been owned and operated for nearly 20 years and hands on ownership has kept the property in great condition and fully compliant with California laws and regulations. The new owner will be able to take advantage of a Gas Station in a phenomenal location and already thriving business.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,624 SF
Building Class
C
Year Built
1967
Price
$5,989,000
Price Per SF
$3,688
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Land Acres
0.29 AC
Zoning
LBCCA
Parking
4 Spaces (2.46 Spaces per 1,000 SF Leased)
Frontage
206 FT on Atlantic Avenue
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Walk Score ®
Very Walkable (83)
PROPERTY TAXES
Parcel Number | 7127-006-036 | Improvements Assessment | $147,412 |
Land Assessment | $1,450,215 | Total Assessment | $1,597,627 |
PROPERTY TAXES
Parcel Number
7127-006-036
Land Assessment
$1,450,215
Improvements Assessment
$147,412
Total Assessment
$1,597,627
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5738 Atlantic Ave | 5738 Atlantic Ave
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