700 BroadwayLong Beach, CA 90802

Property Details for 700 Broadway

Year built

1937

Construction

TILT-UP CONCRETE

Lot size

0.16 AC

Property size (Sq ft)

6,351 SF

Zone code

LBPD30

Property type

Retail space

APN

7281-021-002

APU

7281021002

Description

This 6,185 square foot retail space in Downtown Long Beach offers multiple tenancy options, ranging from 984 to 3,200 square feet. Located at 700 E Broadway, at the southeast corner of Broadway and Lime Avenue, this property boasts a brand-new vanilla shell build-out, allowing for complete customization to suit various business needs, including restaurants, breweries, cideries, retail stores, or other commercial uses. The space features high ceilings, abundant natural light from floor-to-ceiling windows, and the potential for outdoor patio space. Its prime location benefits from high foot traffic due to its proximity to established businesses such as Roscoe's House of Chicken and Waffles, Kin Long Beach, and Von's. The property sits on a 0.16-acre lot and is zoned PD30 in Los Angeles County (APN 7281-021-002). This exceptional opportunity allows businesses to create a unique and inviting atmosphere in a thriving Downtown Long Beach location. The property is ready for immediate occupancy. The address is 700 E Broadway, Long Beach, CA 90802.

• CAP approach

  CAP return

  Valuation

  6%

  $2,215,696

  6.5%

  $2,045,258

  7%

  $1,899,168

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,105,122

  Geo Method

  $5,105,122

• Alternative Use

  Use

  Valuation

  Residential

  $1,725,252

  Hospitality

  $1,580,322

  Educational

  $1,314,809

  Medical

  $1,360,027

  Retail

  $2,045,258

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.7691

Longitude

-118.183

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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