$3,195,000
129 W 5th ST Long Beach, CA 90802
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$3,195,000
Est. payment /mo
5,296 Sqft Lot
Active
129 W 5th ST Long Beach, CA 90802
UPDATED:
11/05/2024 08:50 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24426045
HOA Y/N No
Year Built 1942
Lot Size 5,296 Sqft
Property Description
This +10,000 SF two-story commercial space with a large 5,000 SF basement (not included in the square footage) is located in the heart of downtown Long Beach. The property is situated just a few parcels away from Pacific Ave that has the Metro A- Line Station and is a major North / South artery through the City. It is also walking distance to all the retail on Pine Avenue and 1.2 miles to the Aquarium of the Pacific. The building was the first home of Licorice Pizza, founded in 1969, and has been meticulously maintained and updated. The space is currently being used as an event center and Coworking space: www.thegpc.space The building was originally constructed in 1942 and on a 5,295 sq. ft. lot. On the first floor there is lobby entrance that leads to a front desk and three large rooms. There are also three restrooms towards the rear of the building and a music room. On the 2nd Floor there is a large open kitchen, private sitting area, three restrooms, meditation room, and open office space with three private, window lined rooms. This turnkey piece of real estate offers an owner/user the opportunity to move into an incredible location in Downtown Long Beach that offers easy access to public transportation, retail amenities, and much more.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD30
Interior
Fireplace No
Building
Story 2
Others
Tax ID 7280004007
Acceptable Financing Lease Option
Listing Terms Lease Option
Special Listing Condition Standard
Listed by David Kaufman • David Ballin Kaufman
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