1241 Artesia BlvdLong Beach, CA 90805

Property Details for 1241 Artesia Blvd

Year built

1979

Lot size

0.31 AC

Property size (Sq ft)

5,126 SF

Property type

Retail properties

Property subtype

Drug stores

Description

This 5,126 square-foot retail property, located at 1241 E Artesia Blvd in Long Beach, California, presents a compelling investment opportunity. Built in 1979 and extensively renovated in 2015, the single-story building sits on a 0.31-acre lot and is zoned CL. Currently operating as a convenience store, grocery store, and pharmacy, the property offers a turnkey operation with the potential for continued growth. The established tenant, Artesia Discount, provides a stable income stream, with the option to acquire the business alongside the real estate. The property benefits from a high-visibility location on Artesia Boulevard, enjoying significant foot and vehicle traffic. Its strategic proximity to Compton College, Gateway Towne Center, and Crystal Casino, coupled with its adjacency to national retailers and residential areas, ensures a robust consumer base. Excellent access to major freeways (I-710, I-91, and I-105) further enhances its appeal. The property's strong location within a revitalizing area presents a value-add opportunity, allowing for potential rental income enhancement or repurposing for a higher and better use. This fee-simple ownership offers a rare chance to capitalize on the continued economic development and market growth in the region. The asking price is $2,100,000, translating to $409.68 per square foot.

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.8743

Longitude

-118.207

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].