Commercial Sale Details
CIVAR Realty Advisors is proud to announce the exclusive offering of 1941 Atlantic Ave located in Long Beach, CA. The site offers a positive and secured return to investors looking for a great retail free standing building offering a 5.5% cap rate. El Ranchito Market has been leasing the site for more then 10 years. They have been the community market sense then .With a positive out come on the rental return, the location offers tremendous value as it is adjacent to the Aquarium of the Pacific, The Queen Mary, California State University Long Beach, Marina Pacifica, Seal Beach, and many more local entertainment. Per Zoning ordinance the site could be used as a Cannabis Facility, Dispensary, Cultivation Facility, Distribution Facility, Manufacturing Facility, and Testing Laboratory Facility. Current use is a Deli meat market with no alcohol or lottery licenses.
|Price Per SqFt||$255.73|
|Area||9 - Poly High|
|Number Of Units||1|
|Number Of Buildings||1|
|Listing Brokerage||CIVAR Realty Advisors|
|Listing Agent||CARLOS VALENZUELA RIVAS|
|Listing Agent BRE #||01957895|
Based on information from California Regional Multiple Listing Service, Inc. as of Monday, October 1, 2018.
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