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1429 Cherry Ave
Long Beach, CA 90813
Cherry Market · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- High Visibility
EXECUTIVE SUMMARY
This Building is for SALE by the owner of the building. Currently there is a Profitable liquor store operated by LESSEE. There is plenty of lease left in current lease as well as Options. It is a building with several parkings and is on major thoroughfare offering great visibility and opportunity to grow.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,536 SF
Building Class
C
Year Built/Renovated
1961/2009
Price
$1,456,150 CAD
Price Per SF
$411.81 CAD
Cap Rate
6.10%
NOI
$88,825 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.28 AC
Opportunity Zone
Yes
Zoning
CNR - Commercial Neighborhood Retail
AMENITIES
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 7261-017-027 | Improvements Assessment | $351,124 CAD |
| Land Assessment | $686,987 CAD | Total Assessment | $1,038,111 CAD |
PROPERTY TAXES
Parcel Number
7261-017-027
Land Assessment
$686,987 CAD
Improvements Assessment
$351,124 CAD
Total Assessment
$1,038,111 CAD
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