310-720-6669
108 W 3rd St, Long Beach, CA for Sale
Restaurant - FOR SALE
1/34
null | 5% Cap Rate

108 W 3rd St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Strategically located in the heart of Downtown Long Beach
  • Walking distance to Metro stations, Civic Center, and dining corridors
  • Mixed-use visibility with hospitality, retail, and institutional anchors
  • Diverse tenant mix with upside potential and long-term security
  • Property is surrounded by residential growth and revitalization efforts

OVERVIEW

Approximately 9,999 + square feet of retail space and 9,000 + square feet of basement space. Located in the heart of Pine Avenue, which is home to downtown’s high-end restaurants and retailers servicing the residential, business, and tourists in downtown Long Beach. Pine Ave is the entertainment district of Downtown Long Beach. Convenient access to the Long Beach (710) Freeway and one block from the blue line light rail (roughly 67,000 riders daily). Over 4.1 million square feet of class “A” office space within 10 blocks of the site. Directly adjacent to City Place, a 450,000 square foot urban retail development in the heart of downtown Long Beach, CA, which covers eight city blocks. City place also consists of 341 residential units (120 residential condominiums and 221 apartment rental units). The property consists of a 5 unit in line retail building located at the southwest corner of 3rd Street and Pine. The classic 1930’s brick architecture brings a classic feel to the downtown trade area. Long Beach is California’s fifth largest city and its central location puts the city’s estimated seven million annual tourists a short drive from most southern California tourist destinations, facilitated by easy access to the 710 and 405 freeways. The Long Beach Convention Center hosts 350 annual events, which attract 1.5 million visitors, the Aquarium of the Pacific attracts 3.5 million annual visitors, the Queen Mary Ocean Liner attracts 1.5 million annual visitors and the Long Beach Toyota Grand Prix attracts 250,000 visitors during the three days of the event. All three attractions are within walking distance from the subject site.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Third & Pine

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CB, Long Beach

APN/PARCEL ID

7280-021-017

ASK ABOUT THIS PROPERTY

Mark LandverCBREMore Info
310-720-6669

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Mark LandverCBREMore Info
310-720-6669

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.