201, 231, 245 W Pacific Coast Hwy, Long Beach, CA 90802 (1.1 AC ) Covered Land Play: 231, 245 is currently a 14,685 SF existing commerical building operating as a Supermarket on MTM and the vacant lot at 201 is being rented as parking lot for a nearby development. 2021 Entitled development site offered at price upon request. 1.1-acre parcel (Parcel B) is the primary listing and the anchor of a larger 1.59-acre assemblage opportunity. Site carries active entitlements for 159 residential units + 14,064 SF of ground-floor retail as part of a 5-story podium structure with 2 levels of below-grade parking (~257 spaces). Total gross building SF ~169,192. Buyer of this parcel should strongly consider acquiring adjacent Parcel A (1827 Pacific Ave, Long Beach, CA 90806, an additonal .49 AC, listed separately at $955,000) to unlock the full 159-unit entitlement. Estimated total project cost (excl. land) ~$57.6M based on $250/GSF hard costs + soft costs. Projected stabilized value ~$86.5M at $620/rentable SF. Call Justin Chu (626)321-3211 for pricing. Please contact Justin for the OM.