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Two-Story Retail Storefront Building

129 5th Street, Long Beach, CA 90802

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For Sale

$1,895,000

Vacant two-story storefront with built-out interior areas, kitchen, and restrooms, totaling about 15,000 SF including basement.

Type:Retail

Property size:

10,000 SF

Price / SF:

$189/SF

HighLights

Vacant two‑story commercial storefront building with approximately 10,000 SF above grade
Additional approximately 5,000 SF basement space
Interior built out with lobby areas, multiple rooms, a kitchen, and restrooms
Zoned LBPD30
Year built 1942
Rectangular topography and lot shape

We can help!

Listing Contact

Michael Robinson

Learn more

For Sale

$1,895,000

Vacant two-story storefront with built-out interior areas, kitchen, and restrooms, totaling about 15,000 SF including basement.

Type:Retail

Property size:

10,000 SF

Price / SF:

$189/SF

Added:: Apr 17, 2026
Days on Market:: 60
Last Refresh:: Jun 15 at 2:36 am

Property Features for 129 5th Street

General Information

Standard status: Active
Size: 10,000 SF
Property subtype: Retail

Building Details

Year Built: 1942

We can help!

Listing Contact

Michael Robinson

Listing agent Michael Robinson License #00597913

Listing office Broadmoor Realty, Inc.

Listing date Apr 17, 2026

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Broadmoor Realty, Inc.

HighLights

Vacant two‑story commercial storefront building with approximately 10,000 SF above grade
Additional approximately 5,000 SF basement space
Interior built out with lobby areas, multiple rooms, a kitchen, and restrooms
Zoned LBPD30
Year built 1942
Rectangular topography and lot shape

Overview

This is a large, classic mid-century, two-story commercial storefront building currently offered for sale and presented as a practical option for an owner-user or investor. The property is vacant and includes approximately 10,000 square feet of building space plus an additional 5,000 square foot basement. Inside, the space is already built out with lobby areas, multiple rooms, a kitchen, and restrooms, supporting a range of retail, office, or service-oriented operating concepts without requiring start-from-scratch interior work.

The building is located near Pine Avenue, just west of the East Village Arts District, and about one mile from the Long Beach waterfront and Shoreline Village. The surrounding Downtown Long Beach area is described in the offering as being in the midst of major revitalization, with significant planned and ongoing redevelopment activity.

For tenants or buyers seeking a Downtown Long Beach commercial property with a substantial interior footprint and existing improvements, the ready-to-use layout can help streamline occupancy planning. The seller indicates they may offer financing via a new First Trust Deed with 35% down for qualified terms, subject to negotiation.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$252.0k	$25.20
− Vacancy	−$16.4k	−$1.64
EGI	$235.6k	$23.56
− OpEx	−$70.7k	−$7.07
NOI	$164.9k	$16.49

10,000 SF · lease $25.20/SF/yr · vacancy 6.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.36M

$2.06M – $2.75M (±1% cap)

NOI $164,934 @ 7.0% cap · market cap 8.70%

Second Best

—

no second resolved use

Theoretical Best

Office A

$5.35M

$4.68M – $6.25M (±1% cap)

NOI $374,777 @ 7.0% cap · market cap 19.78%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Compassionate Artists Association / Organization Green Pines Creative ... Coworking & Hybrid Office

Suggested Use

Similar Places Nearby

Alysson's Flowers and Gifts — 5370 Atlantic Ave, Long Beach, CA 90805
Joshua's Flowers — 5208 Atlantic Ave, Long Beach, CA 90808
rubens flower designs — 49 W Del Amo Blvd, Long Beach, CA 90805
Lili's Flowers — 322 E Market St, Long Beach, CA 90805
Dory's Flower & Gift Shop — 5359 Long Beach Blvd, Long Beach, CA 90805

Location Insight

Map
Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.24764
Latitude: 34.04624

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For sale
Storefront properties
CA
Long Beach
90802
129 5th Street

What type of property is this?

Storefront property - Vacant two-story storefront with built-out interior areas, kitchen, and restrooms, totaling about 15,000 SF including basement.

Where is this storefront property located?

The property is located at 129 5th Street Long Beach, CA.

What is the asking price?

The asking price for this property is $1,895,000.

What are key features of this property?

This property features: Vacant two‑story commercial storefront building with approximately 10,000 SF above grade; Additional approximately 5,000 SF basement space; Interior built out with lobby areas, multiple rooms, a kitchen, and restrooms