100 BroadwayLong Beach, CA 90802

Property Details for 100 Broadway

Year built

1986

Construction

CONCRETE

Lot size

1.18 AC

Property size (Sq ft)

204,748 SF

Zone code

LBPD30

Property type

Office properties

Property subtype

Office buildings

APN

7280-026-022

APU

7280026022

Description

This exceptional retail opportunity in Downtown Long Beach presents three available suites within a 12,198 square foot building at 100 W Broadway. The property is currently 100% vacant, offering a unique chance to establish a presence in a thriving, mixed-use environment. Suites range from a minimum of 1,647 square feet to a maximum contiguous space of 8,136 square feet, providing flexibility for various business needs. The building's location is highly advantageous, situated next to the Metro Transit Mall and Civic Center, and within walking distance of the Convention Center, Pike Outlet Shops, and the Long Beach waterfront. This vibrant area boasts numerous restaurants, including popular establishments like King's Fish House and George's Greek Cafe, ensuring high foot traffic and a strong customer base. The surrounding area is characterized by newly developed mixed-use projects and a high concentration of creative professionals, anchored by a WeWork location, creating a dynamic and energetic atmosphere. This prime location offers unparalleled access to public transportation and a diverse clientele, making it an ideal investment for discerning businesses seeking a prominent presence in a rapidly growing urban center within Los Angeles County. The property is categorized as commercial retail with multiple tenancy.

• CAP approach

  CAP return

  Valuation

  6%

  $48,592,640

  6.5%

  $44,854,744

  7%

  $41,650,836

• Comparable approach

  Method

  Valuation

  Relative Method

  $65,310,516

  Geo Method

  $65,310,516

• Alternative Use

  Use

  Valuation

  Residential

  $55,619,884

  Hospitality

  $50,947,516

  Educational

  $42,387,732

  Medical

  $43,845,512

  Retail

  $65,936,476

Location Insight

City

Long Beach

County

Los Angeles

State

California

Latitude

33.769

Longitude

-118.193

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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