601 Pine, Long Beach, CA 90802

Property Description

Rare value-add opportunity in the heart of Downtown Long Beach. This freestanding, approximately 42,321 SF historic commercial building sits on approximately 17,502 SF of land and was formerly a multi-level retail department store. The flexible layout includes a ground floor, basement, mezzanine, second floor, and third floor, suitable for retail, storage, showroom, fitness, office, creative, or other commercial uses, subject to approvals. The approximately 2,236 SF mezzanine is believed not to be included in the stated building area, and the rooftop may offer amenity potential, subject to approvals. Well suited to an owner-user, investor, or developer. Approximately 10 on-site parking spaces, with City public parking of more than 1,000 spaces located across the street. Preliminary adaptive-reuse plans for a 63-unit residential and retail mixed-use concept have been prepared. The adjacent 127 W 6th Street development site (approximately 7,500 SF, PD-30 zoning) is available to be purchased together with this property under separate terms. All zoning, development potential, and figures to be independently verified.