562-495-6070
456 Elm Ave, Long Beach, CA for Sale
Restaurant - FOR SALE
1/48
null | Request Cap Rate

456 Elm Ave
Long Beach, CA 90802
Downtown Long Beach


HIGHLIGHTS

  • Located within the Downtown Long Beach Plan area, supporting mixed-use and hospitality concepts.
  • Features eight private kitchens, multiple prep kitchens, and shared communal kitchen space with modern ventilation systems.
  • Includes front-of-house dining area, private event space, and basement receiving areas for efficient logistics.
  • LEED Gold and WELL certification-ready, reflecting sustainability and wellness considerations.
  • Walkable to East Village shops, restaurants, and cultural attractions; near major transit and freeway access.
  • Approved for up to ten transferable Type 41 liquor licenses; Type 47 license application in process.

OVERVIEW

Coldwell Banker Commercial BLAIR is pleased to present for sale the property located at 456 Elm Avenue known as the Partake Collective, this unique one-of-a-kind Ghost Kitchen concept consists of approximately 25,129 SF of improvements on approximately 7,506 SF of Land. Partake Collective is dedicated to fostering a collaborative environment for culinary entrepreneurs. As a shared kitchen incubator, Partake Collective provides members with state-of- the-art kitchen facilities, resources, and business support. The space is designed to nurture the growth of food startups, from food truck operators to artisanal brands, offering flexibility with both private and communal kitchen options. The premises feature a thoughtfully designed space that includes a front-of-house dining hall, a chef’s kitchen with an exclusive private dining area, and public restrooms conveniently located on the ground floor. On the second floor, there are eight private commercial kitchens, each equipped with its own hood system for optimal ventilation. The third floor offers five shared communal kitchens, along with three walk-in coolers, one walk-in freezer, a washing station, and eight non-hooded prep kitchens, catering to a variety of culinary needs. The basement houses a receiving area for deliveries, two additional prep kitchens, and an employee locker/break room for staff convenience. Except for one commercial kitchen and two prep kitchens, all have been rented. The communal kitchens experience a steady flow of hourly renters.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Fast Food, Food Processing

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1942

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

LBPD

APN/PARCEL ID

7281-007-042

ASK ABOUT THIS PROPERTY

Sheva HosseinzadehColdwell Banker Commercial BLAIRMore Info
562-495-6070

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

Sheva HosseinzadehColdwell Banker Commercial BLAIRMore Info
562-495-6070

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