1944 E 4th St - Storefront Retail/Residential FOR SALE


Long Beach, CA 90802- Downtown Long Beach
$2,600,000 USD
562-495-6070
1944 E 4th St, Long Beach, CA for Sale
$2,600,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | Request Cap Rate

1944 E 4th St
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Located in the high traffic corridor of 4th Street
  • In the heart of Retro Row
  • Great tenant mix with two restaurants on the ground floor and residential units located above
  • Strong annual income with value-add opportunities to increase residential rents
  • Well known and popular Salud Juice Bar and Café is located on the ground floor
  • Great investment opportunity

OVERVIEW

Coldwell Banker Commercial BLAIR and Sage Real Estate Group are pleased to present the property located at 1944 East 4th Street Long Beach, California. The property is a multi-tenant mixed use property with retail on the ground floor and residential located directly above with approximately 5,817 SF on approximately 3,596 SF of land. The retail tenants include the popular Salud Juice Bar & Café and Fatimas Grill. The upstairs includes 4 residential tenants. The property is in the high traffic corridor of 4th Street in what is dubbed “Retro Row. This corridor is vibrant and has a creative spirit of the Long Beach culture. Stretching between Cherry and Junipero, the district is home to an exciting group of 40+ independent merchants. Kitchy and hip and always hospitable, 4th Street features vintage & contemporary clothing, furniture & accessories, art, antiques & collectibles, books, roller skates & skateboards as well as locally owned restaurants, coffee shops and wine bars. Adding to the retro vibe of the street is the restored 1920’s Art Theatre, which hosts a mix of first run and art films, live concerts & comedy, and other unique events. 4th Street is one of the few designated bike-friendly business districts in the city and has been featured in the pages of the New York Times as well as New York, Sunset, and Los Angeles magazines.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$447 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1928

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

CNR

APN/PARCEL ID

7275-017-008

ASK ABOUT THIS PROPERTY

Sheva HosseinzadehColdwell Banker Commercial BLAIRMore Info
562-495-6070

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Sheva HosseinzadehColdwell Banker Commercial BLAIRMore Info
562-495-6070

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