$750,000
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.
Listed by Julio Bonilla with Keller Williams Pacific Estates (562) 513-7800
Property Type
Retail
Status
Active
MLS Number
DW26144456
Year Built
1954
Lot Size
0.25 acres
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5582 Atlantic, Long Beach
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