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1921 Pacific Ave
Long Beach, CA 90806
Wrigley Village - Office, Retail, Development · Land For Sale
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0.37 AC
Property Facts
Description
Marcus & Millichap is pleased to present 1921-1927 Pacific Avenue in the city of Long Beach, California. This sale offers the opportunity to purchase a commercial property that is suitable for office, retail or development in the heart of Wrigley Village. The subject property is located on the west side of Pacific Avenue between 19th and 20th Street. This area, known as Wrigley Village, experiences high foot traffic and has an auto count of over 16,000 vehicles per day. Much of the street is comprised of offices and retail locations and offers a pedestrian-friendly atmosphere. The property is comprised of two parcels, totaling 16,170 square feet. The existing one-story structure is of wood frame construction and is approximately 5,594 square feet. The property is fenced and paved, and has been striped for 24 parking spaces. Zoning on the site is CNP, which is a commercial district that is oriented towards serving pedestrians with buildings located at the front setback. Many commercial uses are permitted. Considering the size of the lot, the subject property lends itself to the possibility of development. Favorable zoning allows for minimal setbacks and two story construction. Add on to the existing building or develop from ground up. In the past 10 years, the city of Long Beach has seen considerable investment in it's businesses and real estate and continues to grow in population. With it's desirable Southern California coastal location, Long Beach is well positioned to benefit from economic and community growth that comes from being located in the heart of Southern California. This sale offers the opportunity to purchase a value-add commercial property in a desirable infill location. The property is suitable for Personal Services, Professional Services, Daycare, Pre-School, Restaurant, Retail, Office, and more. The property has attributes that will be attractive to investors, owner/users and long-term value seekers.
