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Bungalow Building- A High Density Dev. play 727-743 Pine Ave 13,600 SF 50% Leased Retail Building Long Beach, CA 90813 $3,988,000 ($293.24/SF)
Investment Highlights
- Prime Downtown Long Beach Development & Investment Opportunity
- Flexible Repositioning Potential
- Strong Market Fundamentals
- Strategic Location & Transit Access
- Unmatched Urban Amenities
Executive Summary
737 Pine Avenue presents a rare opportunity to develop a boutique or select-service hotel in the heart of downtown Long Beach's entertainment district. With 106
feet of frontage on Pine Avenue, proximity to the Long Beach Convention Center, and Qualified Opportunity Zone status, this site offers hotel developers an
exceptional combination of location, development flexibility, and tax advantages.
feet of frontage on Pine Avenue, proximity to the Long Beach Convention Center, and Qualified Opportunity Zone status, this site offers hotel developers an
exceptional combination of location, development flexibility, and tax advantages.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
13,600 SF
Building Class
C
Year Built
1922
Price
$3,988,000
Price Per SF
$293.24
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.86
Lot Size
0.36 AC
Opportunity Zone
Yes
Zoning
PD30 - PD-30 (Downtown); eligible for EDB & Inclusionary Housing - Opportunity Zone
Frontage
106’ on Pine Ave
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (86)
Nearby Major Retailers
Property Taxes
| Parcel Number | 7273-023-007 | Improvements Assessment | $1,443,242 |
| Land Assessment | $3,332,193 | Total Assessment | $4,775,435 |
Property Taxes
Parcel Number
7273-023-007
Land Assessment
$3,332,193
Improvements Assessment
$1,443,242
Total Assessment
$4,775,435
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Bungalow Building- A High Density Dev. play | 727-743 Pine Ave
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