5531 Cherry Avenue Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90805
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 8,544 sqft
Price per Sqft $351
MLS Listing ID CRDW24195774
HOA Y/N No
Year Built 1950
Lot Size 0.427 Acres
Acres 0.43
Property Description
Welcome to an exceptional investment opportunity presented by LCC Invest Group – 5519/5531 Cherry Ave, nestled in the heart of Long Beach. This unique offering comprises two parcels, boasting a substantial 8,544 sq ft building on an expansive 18,602 sq ft lot. What truly sets this property apart is the thriving auto business it houses, complete with active contracts with the City of Long Beach. The automotive facility is equipped to meet the demands of the industry, featuring 2 heavy-duty outdoor lifts, 11 indoor lifts, 16 bays, a paint booth with a vent system, an alignment machine, a custom exhaust pipe bender, diagnostics machinery, and auto air conditioner repair equipment. Security and convenience are paramount on this gated property, which can comfortably accommodate around 40 vehicles. With its impressive features and prime location, this property is primed for a new owner-operator to take the reins. The real estate portion of this offering is valued at $3,500,000, while the thriving business is priced at $1,500,000. Don't miss out on this remarkable investment opportunity in Long Beach.
Location
State CA
County Los Angeles
Area Listing
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 7128031030