1740 Willow St Long Beach, CA 90810
Call to check price and availability
Long Beach retail center, value-add opportunity.
Property size:
3,018 SFProperty Features for 1740 Willow St
General Information
- Property type
- Retail space
- Square Feet
- 3,018 SF
Building Details
- Year Built
- 1999
Listing Agency: RGA Properties Listing Agent: Reyes Mejia
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This prime Long Beach retail center, located at 1740 W Willow St, presents a compelling value-add investment opportunity. The property, situated on a 10,654 square foot lot, encompasses a 3,018 square foot building with a multi-tenant configuration. Currently operating at 50% occupancy, the center offers significant upside potential for an owner-user or investor. The property features a convenience store and storefront subtypes, with a gross lease structure. Built in 1999, the center is zoned LBCCA and benefits from high traffic counts due to its prominent Willow Street location and proximity (0.4 miles) to the 710 Freeway. The asking price is $1,250,000, translating to $414.18 per square foot and $126.70 per square foot for the land. The pro-forma net operating income (NOI) is $89,280, yielding a 7.14% pro-forma capitalization rate. The property's APN is 7402-004-001, 7402-004-002, and 7402-004-003. With three vacant units, this property offers a chance to increase occupancy and rental income. The presence of a neighboring Popeyes restaurant further enhances the property's desirability and potential for success. This is an exceptional opportunity to acquire a well-located retail center in a thriving Long Beach market.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
X-Hale Smoke Shop
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.21600170772
- Latitude
- 33.804317199877
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Long Beach retail center, value-add opportunity.
Where is this retail space located?
The property is located at 1740 Willow St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: High visibility location with strong traffic counts.; Significant potential for property improvements and increased value.; Convenient access to the 710 Freeway, less than half a mile away.
