5531 Cherry Ave - Freestanding FOR SALE


Long Beach, CA 90805- Bixby Knolls
$1,880,000 USD
310-431-5411
5531 Cherry Ave, Long Beach, CA for Sale
$1,880,000 USD
Freestanding - FOR SALE
1/14
null | 5.77% Cap Rate

Jul '25


5531 Cherry Ave
Long Beach, CA 90805
Bixby Knolls


HIGHLIGHTS

  • Prime Cherry Avenue location with strong visibility
  • FF&E: 2 heavy-duty outdoor vehicle lifts, 11 indoor lifts, and 16 service bays to maximize productivity. professional paint booth
  • professional paint booth on site

OVERVIEW

Asset represents an exceptional owner-user opportunity at $1,867,000 in Long Beach's established commercial corridor. This bank-owned property is priced significantly below market comparable at just $220 per square foot on building area and $100 per square foot on land. Will be delivered vacant for immediate occupancy. Located within 2.5 Miles of major automotive dealerships and other ancillary automotive businesses. property has been operated as an automotive repair shop for several decades. By all accounts, the business has been thriving and profitable. Intangibles have led the Bank to take back the asset. Part of the due diligence material includes a clean Phase I environmental report. This exceptional property features an 8,544 sq ft industrial facility situated on a generous 18,602 sq ft lot. The professional automotive repair center is fully equipped with state-of-the-art machinery and tools to support high-volume operations. The facility includes the following FF&E: 2 heavy-duty outdoor vehicle lifts, 11 indoor lifts, and 16 service bays to maximize productivity. Technical capabilities are enhanced by a professional paint booth with ventilation system, precision alignment equipment, custom exhaust pipe fabrication machinery, comprehensive diagnostics systems, and specialized air conditioning repair tools. The secure, gated premises offer ample space for over 35 vehicles. Property is offered at $1,880,000.

FOR SALE DETAILS

PRICE

$1,880,000 USD

PRICE/SF

$220 USD /SF

CAP RATE

5.77%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Dealership, Auto Repair, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,504 SF

ZONING

CA

APN/PARCEL ID

7128-031-030

ASK ABOUT THIS PROPERTY

Hythum KiswaniLyon Stahl Investment Real EstateMore Info
310-431-5411

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Hythum KiswaniLyon Stahl Investment Real EstateMore Info
310-431-5411

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