1957 Pacific Ave Long Beach, CA 90806-5321
- Medical offices
- 11,396 SF
- 0.37 lot acres
Mar 18, 2022
Current Use by Public Records
- The Station / Cannabis Store / Gift Shop
Property Details for 1957 Pacific Ave
- Year built
- 1948
- Construction
- WOOD
- Lot size
- 0.37 lot acres
- Property size
- 11,396 SF
- Zone code
- LBCNP
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 7209-023-028
- APU
- 7209023028
Description
This 11,396-square-foot mixed-use building in Long Beach, CA, presents a unique investment opportunity. Located at 1957 Pacific Avenue, this vacant property boasts retail zoning, industrial/warehouse components, and significant cannabis-related approvals. Previously a police station and cannabis dispensary, the building offers versatile potential for various uses, including cultivation, manufacturing, and distribution of non-retail cannabis products. The sale includes grandfathered zoning for these non-retail cannabis uses, with approved applications already in place. The new owner will need to submit plans for any build-out. The property features 800 amps of power, 15 on-site parking spaces, and second-floor office space. Situated on a 0.37-acre lot with alley access, the property benefits from excellent street parking and high traffic volume (17,500 cars per day). The surrounding 3-mile demographic area boasts a population of 255,971 with an average household income of $84,390. The asking price is $4,850,000 ($425.59/sq ft). APN: 7209-023-028. This property is for sale by owner.
Value Estimation
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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
- -118.194
- Latitude
- 33.7929
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
