1241 Artesia Blvd, Long Beach, CA 90805
- Retail properties & Spaces
- 5,126 SF
- 0.31 lot acres
Current Use by Public Records
- Retail properties & Spaces
Property Details for 1241 Artesia Blvd
- Year built
- 1979
- Lot size
- 0.31 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Drug stores
Description
This 5,126 square-foot retail property, located at 1241 E Artesia Blvd in Long Beach, California, presents a compelling investment opportunity. Built in 1979 and extensively renovated in 2015, the single-story building sits on a 0.31-acre lot and is zoned CL. Currently operating as a convenience store, grocery store, and pharmacy, the property offers a turnkey operation with the potential for continued growth. The established tenant, Artesia Discount, provides a stable income stream, with the option to acquire the business alongside the real estate. The property benefits from a high-visibility location on Artesia Boulevard, enjoying significant foot and vehicle traffic. Its strategic proximity to Compton College, Gateway Towne Center, and Crystal Casino, coupled with its adjacency to national retailers and residential areas, ensures a robust consumer base. Excellent access to major freeways (I-710, I-91, and I-105) further enhances its appeal. The property's strong location within a revitalizing area presents a value-add opportunity, allowing for potential rental income enhancement or repurposing for a higher and better use. This fee-simple ownership offers a rare chance to capitalize on the continued economic development and market growth in the region. The asking price is $2,100,000, translating to $409.68 per square foot.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.207
- Latitude
- 33.8743
