129 W 5th Street, Long Beach, California 90802

$1,895,000

Overview

Property ID: PW26100826

Retail, Commercial Sale
Property Type

10000 Sqft
Area Size

1942
Year Built

Description

Owner may carry a new First Trust Deed with 35% down. For sale is a large classic mid-century, two-story commercial storefront building located near Pine Avenue, just west of the East Village Arts District, and approximately one mile from the Long Beach waterfront and Shoreline Village. Downtown Long Beach and the adjacent East Village Arts District are in the midst of major revitalization, with billions of dollars in planned and ongoing redevelopment. Long Beach is also set to be a major LA28 Olympic host city, with 11 Olympic sports/events across seven venues, including 161 ticketed events and 35 finals. The property is currently vacant and offers approximately 10, 000 square feet of building space, plus an additional 5, 000 square foot basement. The interior is already built out with lobby areas, multiple rooms, a kitchen, and restrooms, making it a strong opportunity for an owner-user or investor seeking a substantial Downtown Long Beach commercial property.