Property Detail

Description

A rare chance to reposition a well-located asset in a steadily evolving commercial corridor. Located in the heart of the Wrigley Village retail corridor, this 4,920 SF commercial building offers 112 feet of prime frontage along walkable Pacific Avenue. With flexible zoning—including the MJ Hemp overlay—and a layout currently divided into 3 suites (originally 4), the property is ideal for an investor or owner-user looking to occupy and lease the rest. The building includes 6 gated rear parking spaces with alley access and has been under the same ownership for over 20 years. Current tenants are long-term and on month-to-month leases, paying below market rents—a value-add opportunity through re-leasing, rent adjustments, or repositioning. Situated near Signal Hill, Wrigley Heights, and Downtown Long Beach, with easy access to the 405 and 710 freeways, this property offers strong potential for retail, office, or specialty use. Eligible for SBA financing with 10% down and perfect for a 1031 exchange.