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Freestanding Beer Wine Grocery Store

1429 Cherry, Long Beach, CA 90813

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For Sale

$1,056,000

SINGLE_FAMILY - Long Beach, CA

Type:Retail

HighLights

Year built 1962 freestanding commercial building
Central air cooling
Beer, wine and groceries store operated by the business owner
Modified gross lease in place for over 4 years with 3+ extensions of 5 years each
Current rent is $6,090 and increases every year

We can help!

Contact an agent

Jigar Shah

For Sale

$1,056,000

SINGLE_FAMILY - Long Beach, CA

Type:Retail

Added:: Sep 22, 2025
Days on Market:: 290
Last Refresh:: Jul 8 at 10:06 pm

Property Features for 1429 Cherry

General Information

Property type: Residential
Property subtype: Retail
Standard status: Active
APN: 7261017027

Utilities

Cooling system: Central Air

Building Details

Year built: 1962

We can help!

Contact an agent

Jigar Shah

Listing agent Jigar Shah License #01116918

Listing office Century 21 Discovery 1440 N Harbor Blvd., Suite 225, Fullerton, CA

Listing date Sep 22, 2025

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.

HighLights

Year built 1962 freestanding commercial building
Central air cooling
Beer, wine and groceries store operated by the business owner
Modified gross lease in place for over 4 years with 3+ extensions of 5 years each
Current rent is $6,090 and increases every year

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Meat Market Carnes ... Take-out & Catering Cherry’s Market Grocery & Convenience Store

Suggested Use

Similar Places Nearby

Grocery Outlet — 1340 E 7th St, Long Beach, CA 90813
Dong Mai Market — 1241 E Anaheim St, Long Beach, CA 90813
Riverside Supermarket — 1842 E Anaheim St, Long Beach, CA 90813
Super Bargain Mart — 1340 E 7th St, Long Beach, CA 90813
Northgate Market — 2038 E 10th St, Long Beach, CA 90813

Location Insight

Map
Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.1679508
Latitude: 33.7850676

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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

1429 Cherry, Long Beach, CA 90813

SINGLE_FAMILY - Long Beach, CA

Property Features for 1429 Cherry

General Information

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Similar Places Nearby

Location Insight

Nearby Similar for Sale

Multi-Family Residential Building

Multi-Unit Retail Property with Patio

Spanish-Style Multifamily Property

Retail Pad Building with Drive-Through

Spanish Duplex Income Property

Contemporary Multifamily Property

Two-Story Retail Storefront Building

Multi-Family Property

Two-Level Mixed-Use Retail Building

Small-Lot Multifamily Property

Modern Multifamily Property

Multi-Family Investment Property

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