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Property profile

585 Pine Ave Long Beach, CA 90802

OFF-MARKET
Retail properties & Spaces
116,004 SF 1.43 ac lot Built 1987
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Property summary

AI-generated overview

This exceptional 4,735-square-foot office space is located in a premier mixed-use building at 585 Pine Avenue in the heart of Downtown Long Beach, CA 90802. Situated on Pine Avenue, this ground-floor unit offers excellent visibility and accessibility. The building, constructed in 1987 and renovated in 2018, boasts a total of 116,004 square feet across four stories. This single-tenant space features a modern office build-out, ideal for medical or creative office uses, as well as service or retail businesses. The building includes three elevators (two passenger and one freight) for convenient access. Ample parking is available with free 2-hour parking across the street and monthly passes. The property sits on 1.43 acres of land (APN 7280-004-023) and is zoned PD30. Its location in Downtown Long Beach provides easy access to freeways and a vibrant array of dining and entertainment options within walking distance. This property presents a unique opportunity to establish a presence in a thriving, dynamic urban environment. The building also features 158 residential units above the commercial space.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1987
Total area 116,004 SF
Lot 1.43 ac (62,291 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Alternative Medicine Practice

Location

585 Pine Ave Long Beach, CA 90802
Long Beach metro
Google Maps

Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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