636 N locust avenue
LONG BEACH, CA 90802
PRICE
$3,500,000
BUILDING SIZE
15,600 SF
LOT SIZE
22,461 SF
PROFORMA CAP RATE
6.69%
PRICE/SF (BLDG)
PRICE/SF
(LAND)
$224
$156
The Brandon Michaels Group of Marcus & Millichap, as Exclusive Advisor, is pleased to present 636 N Locust Avenue, a 15,600 SF single tenant auto repair/flex asset situated on 0.52 acres of land (22,461 SF), ideally located on the SE signalized corner of Locust Avenue & 7th Street, two parcels west of Long Beach Boulevard in Long Beach, CA.
636 N Locust Avenue is a single tenant, freestanding auto repair/flex property ready for immediate occupancy or reposition, ideal for an owner-user or value-add investor. The 15,600 SF building, formerly occupied by Firestone Complete Auto Care, is highly equipped with three (3) large roll doors, large pylon signage, and high ceilings.
The subject property is situated on a large underlying parcel of underlying land totaling 0.52 acres, or 22,461 SF, and is currently entitled for a 108 unit, fully market rate, mixed-used project.
636 N Locust Avenue is located at the SE signalized corner of Locust Avenue & 7th Street, centrally positioned in Long Beach less than one (1) mile from the beach. The property enjoys excellent visibility, with more than 150’ of frontage along both Locust Avenue and 7th Street.