Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 13,600-square-foot retail building on 15,817 square feet of land in a premier infill location. Offered below replacement cost at just $294 per square foot, the asset provides significant value and future upside. Currently occupied by month-to-month tenants, the site is well-positioned for repositioning or redevelopment. Fronting 106 feet on Pine Avenue and located within an Opportunity Zone, the property benefits from immediate access to transit and flexible development parameters. Just 0.5 miles from a major Metro Blue Line station, the property qualifies for reduced parking under AB 2097 and remains in substantial compliance with existing entitlements per the City of Long Beach. Located in Southern California’s vibrant coastal hub, Long Beach is a key city in the greater Los Angeles area. With access to major highways (I-405, I-710, I-605), the Long Beach Airport, and neighboring economic centers like Orange County and Downtown Los Angeles, the site enjoys excellent connectivity. This offering combines prime real estate fundamentals—location, density, visibility, and access—making it an ideal acquisition for investors and retailers looking to capitalize on Long Beach’s continued urban growth and pedestrian-driven activity.