701 Pine Ave Long Beach, CA 90813

This exceptional 6,684-square-foot retail property, located at 701 Pine Avenue in Long Beach, California, presents a unique investment opportunity. Built in 1931, this single-story building sits on a 7,528-square-foot lot and is zoned LBPD30, allowing for a variety of uses. Currently vacant, the property offers a gross lease structure and is priced at $3,000,000, or $448.83 per square foot. The building's versatile layout includes a basement and mezzanine, significantly increasing usable space beyond the 6,684 square feet of net rentable area. Its ideal location at the intersection of 7th Street and Pine Avenue places it within a thriving area, surrounded by numerous high-rise residential buildings, ensuring high foot traffic and visibility. This property is perfect for a variety of businesses, including but not limited to, bars, pharmacies, and restaurants. The property's history and prime location combine to create a compelling investment opportunity in the heart of Long Beach. The single-unit building offers a straightforward ownership structure, minimizing complexities for potential buyers. This is a rare chance to acquire a well-positioned retail space with significant potential for growth and return on investment in a dynamic and desirable location. The property's size and zoning provide flexibility for a wide range of commercial ventures.