325 Atlantic AveLong Beach, CA 90802

Property Details for 325 Atlantic Ave

Year built

1956

Construction

WOOD

Lot size

0.17 AC

Property size (Sq ft)

3,149 SF

Zone code

LBPD30

Property type

Office properties

Property subtype

Office buildings

APN

7281-011-018

APU

7281011018

Description

This exceptional 3,149 square foot freestanding retail/office building is located in the vibrant downtown Long Beach submarket, near E Roble Way. The single-tenant property boasts excellent curb appeal, having recently undergone exterior renovations for a contemporary aesthetic. The building features approximately 12 on-site parking spaces, a significant advantage in a bustling urban environment. Its convenient location offers easy access to a wide array of amenities, including numerous dining options, hotels, the Long Beach Convention Center, and the Pike Outlets, ensuring high visibility and foot traffic. The building's versatile design lends itself to a variety of uses, making it an ideal space for a range of businesses. A dedicated outdoor area behind the building provides additional space that can be utilized for various purposes, adding to the property's overall functionality and appeal. This is a rare opportunity to acquire a well-maintained, attractive, and conveniently located freestanding building in a thriving downtown area. The property is currently vacant, presenting a blank canvas for a new tenant to establish their business. Don't miss this chance to secure a prime location in the heart of Long Beach. The one-story building offers ample space and parking, making it a highly desirable property for businesses seeking a prominent presence in a dynamic urban setting.

• CAP approach

  CAP return

  Valuation

  6%

  $747,349

  6.5%

  $689,861

  7%

  $640,585

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,004,468

  Geo Method

  $1,004,468

• Alternative Use

  Use

  Valuation

  Residential

  $855,427

  Hospitality

  $783,567

  Educational

  $651,918

  Medical

  $674,339

  Retail

  $1,014,095

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7711

Longitude

-118.185

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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