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Herb & Reds Automotive Repair 2337 E 7th St 1,924 SF Retail Building Long Beach, CA 90804 $1,330,000 ($691.27/SF)
Investment Highlights
- Fully Equipped, turnkey 4-Bay Automotive Repair Shop.
- Signalized corner lot.
- Additional income from billboard lease.
- Excellent Visibility Along a High-Traffic Corridor.
- Fenced yard.
Executive Summary
Attractive Owner-user opportunity. Automotive repair shop building. Fully equipped 4-bay, 3-lift automotive facility is ready for business on day one. This trusted neighborhood shop has been serving the local community for decades. The +/- 1,924 sf building is on a hard signalized corner lot that is +/- 11,690 sf. The entire lot is fenced. The roof has been replaced with the past 3 years. There is some additional income from a billboard that is included in the sale.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,924 SF
Building Class
C
Year Built
1959
Price
$1,330,000
Price Per SF
$691.27
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
LBCNR - Neighborhood Commercial and Residential District is a mixed-use district permitting small scale commercial uses and/or moderate density residential.
Parking
15 Spaces (7.8 Spaces per 1,000 SF Leased)
Frontage
90’ on 7th St
Amenities
- Corner Lot
- Fenced Lot
- Signalized Intersection
Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 7262-021-011 | Improvements Assessment | $72,214 |
| Land Assessment | $365,082 | Total Assessment | $437,296 |
Property Taxes
Parcel Number
7262-021-011
Land Assessment
$365,082
Improvements Assessment
$72,214
Total Assessment
$437,296
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Herb & Reds Automotive Repair | 2337 E 7th St
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