Retail Building with Basement,
For Sale
Contact for pricing
701 Pine Ave, Long Beach, CA
Retail building featuring extra basement and mezzanine spaces.
Property Size6,684 SF
Lot Size0.17 Acres
Price / SF$426.39
Days on Market934
Property Features for 701 Pine Ave
General Information
Standard status
Active
Size
6,684 SF
Lot size
0.17 Acres
Property subtype
RETAIL
Site & Location
Neighborhood
Saint Marys
Listing Agency:
CNJ Realty Inc.
(213) 448-0631
Listed By:
Christopher Ahn
Source:
Moodyscre
Added: Apr 10, 2024
Changed: Oct 25
Last Checked: Oct 28 at 12:13PM
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 CNJ Realty Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail building offers 6,684 square feet of space, including extra basement and mezzanine areas. The property is suitable for various business uses.
Key Highlights
- Retail building available
- Extra basement space
- Mezzanine space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,242
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,204,840
$2.2M
Cap Rate 7%
$1,574,886
$1.6M
Cap Rate 9%
$1,224,911
$1.2M
Market Conditions
NOI Build-Up for 6,684 SF
Gross rent
$168.4K $25.20/SF
− Vacancy
−$10.9K −$1.64/SF
EGI
$157.5K $23.56/SF
− OpEx
−$47.2K −$7.07/SF
NOI
$110.2K $16.49/SF
Area
Long Beach, CA
Vacancy
6.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,204,840
Cap Rate 7%
$1,574,886
Cap Rate 9%
$1,224,911
Alternative Uses
Best Use
Retail
$1.57M
$1.38M – $1.84M
NOI $110,242 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.18M
NOI $250,501 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,256
Businesses Nearby
269k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 29%
Shops & Services 20%
Electronics 1%
Superior Grocers
Groceries
38,748 visits/mo
0.3 miles
El Super
Groceries
38,294 visits/mo
0.4 miles
Starbucks
Dining
19,105 visits/mo
0.3 miles
Carl's Jr.
Dining
18,755 visits/mo
0.2 miles
Chase Bank
Shops & Services
18,629 visits/mo
0.3 miles
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail building featuring extra basement and mezzanine spaces.
Where is this retail space located?
The property is located at 701 Pine Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Retail building available; Extra basement space; Mezzanine space
