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5959 Cherry Ave 2,167 SF 51% Leased Retail Building Long Beach, CA 90805 $825,000 ($380.71/SF)
EXECUTIVE SUMMARY
Great opportunity to own a mixed use property. Both residential units are occupied and not on leases. Commercial unit is vacant. Formally built out as dispensary. Nearly ready to go, a plug and play dispensary. Perfect for a social equity applicant.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,167 SF
Building Class
C
Year Built
1962
Price
$825,000
Price Per SF
$380.71
Percent Leased
51%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.45
Lot Size
0.11 AC
Zoning
LBCCA
Parking
2 Spaces (0.92 Spaces per 1,000 SF Leased)
Frontage
15’ on Cherry Avenue
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Formally built out as a "legal" cannabis dispensary. Nearly a plug and play dispensary. Perfect for a social equity applicant.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,063 SF | Retail | - | Now |
1st Floor
| Size |
| 1,063 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 1,063 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
Formally built out as a "legal" cannabis dispensary. Nearly a plug and play dispensary. Perfect for a social equity applicant.
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 7123-005-011 | Improvements Assessment | $260,100 |
| Land Assessment | $384,948 | Total Assessment | $645,048 |
PROPERTY TAXES
Parcel Number
7123-005-011
Land Assessment
$384,948
Improvements Assessment
$260,100
Total Assessment
$645,048
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Presented by
South Cord Holdings, LLC
5959 Cherry Ave
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