Freestanding Beer Wine Grocery
For Sale
$1,056,000
1429 Cherry, Long Beach, CA 90813
Commercial Sale, Long Beach, CA
Property SizeContact for details
Days on Market343
Property Features for 1429 Cherry
General Information
Property type
Residential
Property subtype
Retail
Directions
Off Cherry Avenue
Subdivision
7 - North Long Beach
Standard status
Active
APN
7261017027
Utilities
Cooling system
Central Air
Building Details
Year built
1962
Listing Agency:
Century 21 Discovery · Century 21 Real Estate
(714) 626-2000
Listed By:
Jigar Shah · License #01116918
(714) 626-2000
Added: Sep 22, 2025
Changed: Aug 24
Last Checked: Aug 30 at 1:06AM
MLS# PW25223960
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This freestanding building is set up for a beer, wine, and grocery store, with the current business owner operating the premises. The property is under a modified gross lease in place for more than four years, with three or more extensions of five years each documented in the remarks. The current rent is stated as $6,090, and the listing notes rent increases annually.
The asset is located at 1429 Cherry in Long Beach, California 90813, in Los Angeles County. The listing is offered for sale, and the provided details focus on the existing operating setup and the lease structure rather than on new tenant improvements or unit configuration.
For buyers, the strongest supported consideration is the income framework tied to the ongoing operation and the stated modified gross lease with multiple long-term extensions. For prospective tenants or operators, the property’s merchandising mix is clear from the current use as a beer, wine, and grocery store, which may align with businesses seeking a freestanding format designed around convenience-oriented retail.
The asset is located at 1429 Cherry in Long Beach, California 90813, in Los Angeles County. The listing is offered for sale, and the provided details focus on the existing operating setup and the lease structure rather than on new tenant improvements or unit configuration.
For buyers, the strongest supported consideration is the income framework tied to the ongoing operation and the stated modified gross lease with multiple long-term extensions. For prospective tenants or operators, the property’s merchandising mix is clear from the current use as a beer, wine, and grocery store, which may align with businesses seeking a freestanding format designed around convenience-oriented retail.
Key Highlights
- Year built 1962 freestanding commercial building
- Central air cooling
- Beer, wine and groceries store operated by the business owner
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,530
Businesses Nearby
105k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 41%
Home Improvements & Furnishings 6%
Apparel 6%
ARCO
Shops & Services
21,003 visits/mo
0.3 miles
Bank of America
Shops & Services
14,262 visits/mo
0.3 miles
Rally's
Dining
12,815 visits/mo
0.3 miles
Jack in the Box
Dining
12,453 visits/mo
0.2 miles
Taco Bell
Dining
10,753 visits/mo
0.4 miles
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Similar Off Market Nearby
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- Dong Mai Market — 1241 E Anaheim St, Long Beach, CA 90813
- Riverside Supermarket — 1842 E Anaheim St, Long Beach, CA 90813
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Freestanding storefront in Long Beach currently operating a beer, wine, and grocery business on a modified gross lease.
Where is this grocery and convenience store located?
The property is located at 1429 Cherry Long Beach, CA.
What is the asking price?
The asking price for this property is $1,056,000.
What are key features of this property?
This property features: Year built 1962 freestanding commercial building; Central air cooling; Beer, wine and groceries store operated by the business owner
