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INVESTMENT HIGHLIGHTS
- Pride of Ownership - Irreplaceable Vintage Trophy Property. Great 1031 Exchange Opportunity.
- Great Demos - One Mile: Average Household Income (AHI): $141,692. Three Mile Trade Area: 197,843 population and 72.5% college educated (Est. 2024)
- Belmont Shore is the Host to one of the Largest One-Day Car Show on the West Coast each September and the Annual Christmas Parade in December.
- Highly Visible Prime E 2nd St Corner Location.
- Belmont Shore’s E 2nd Street is a busy throughfare with 35,300 vehicles per day and is Long Beach’s Premier Shopping, Dining and Entertainment Distric
- Located less than 1.5 miles from Belmont Shore is the new 2nd & PCH, a 215, 000 sq. ft. open-air coastal lifestyle project anchored by Whole Fooods.
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present a trophy 14,448 sq. ft. 2-story mixed-use corner building located in the heart of the prime retail corridor of E 2nd Street in the Belmont Shore district of Long Beach, CA. The outstanding building was originally built in 1923 and has many distinct architectural features including decorative vintage storefront facades. The Building includes 6 retail ground level spaces and 8-2nd level units used as either creative office spaces or Studio/1
Bedroom and 1 Bathroom residential units.
Belmont Shore’s E 2nd Street is the premier shopping, entertainment and dining of Long Beach, CA. Noteworthy restaurants include Nick’s on 2nd St, Simmzy’s, Open Sesame, 2nd and Saint to name a few. Popular retailers such as Tilly’s, Van’s, Proper Shoes, O’ My Sole and ACE Hardware and Rite Aid. Financial service businesses such as Bank of America, Chase and Wells Fargo. Other service businesses such as AT&T, Verizon, Starbucks and Super Cuts. Popular Entertainment and Bar Venues such as Legends Sports Bar, Panama Joes, Long Beach Tap House, Dogz Bar, Shannon’s on Bayshore and Riley’s.
Surrounding E 2nd Street is the residential district of Belmont Shore, a densely populated beach community including cottage style homes, renovated and expanded luxury homes and unique multifamily apartment residences all blocks to the sandy beaches, marinas, lagoons and picturesque canals.
Outside of Belmont Shore District and 3 miles away is the vibrant and ever growing Downtown Long Beach, including in this Central Business District is the Long Beach Convention Center and Aquarium of the Pacific, Shoreline Village and The Pike Outlet’s.
Further east of Belmont Shore are staple national retailers such as Gelson’s Market, Whole Foods, Ralph’s Grocery, Trader Joe’s, Nordstrom Rack, Bev Mo and Petco.
Bedroom and 1 Bathroom residential units.
Belmont Shore’s E 2nd Street is the premier shopping, entertainment and dining of Long Beach, CA. Noteworthy restaurants include Nick’s on 2nd St, Simmzy’s, Open Sesame, 2nd and Saint to name a few. Popular retailers such as Tilly’s, Van’s, Proper Shoes, O’ My Sole and ACE Hardware and Rite Aid. Financial service businesses such as Bank of America, Chase and Wells Fargo. Other service businesses such as AT&T, Verizon, Starbucks and Super Cuts. Popular Entertainment and Bar Venues such as Legends Sports Bar, Panama Joes, Long Beach Tap House, Dogz Bar, Shannon’s on Bayshore and Riley’s.
Surrounding E 2nd Street is the residential district of Belmont Shore, a densely populated beach community including cottage style homes, renovated and expanded luxury homes and unique multifamily apartment residences all blocks to the sandy beaches, marinas, lagoons and picturesque canals.
Outside of Belmont Shore District and 3 miles away is the vibrant and ever growing Downtown Long Beach, including in this Central Business District is the Long Beach Convention Center and Aquarium of the Pacific, Shoreline Village and The Pike Outlet’s.
Further east of Belmont Shore are staple national retailers such as Gelson’s Market, Whole Foods, Ralph’s Grocery, Trader Joe’s, Nordstrom Rack, Bev Mo and Petco.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
14,448 SF
Building Class
C
Year Built
1928
NOI
$485,613 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.58
Lot Size
0.21 AC
Zoning
LBCNP
Frontage
50’ on 2nd Street
AMENITIES
- Atrium
Walk Score®
Walker's Paradise (92)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,536,343 CAD | |
| Land Assessment | $2,633,797 CAD | Total Assessment | $4,170,139 CAD |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$2,633,797 CAD
Improvements Assessment
$1,536,343 CAD
Total Assessment
$4,170,139 CAD
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4716-4722 E 2nd St
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