Property Description
Listing #5033
Asking Price: $4,850,000
Acquire this unique building and get creative. The property will be delivered vacant and is technically zoned retail; however, it also includes industrial/warehouse components. As a former police station and cannabis dispensary the property can accommodate a wide variety of uses, and its purchase includes approvals for non-retail cannabis uses(see below).
Developers welcome! Pacific Ave is a vibrant corridor begging for vertical development. While the site isn’t incredibly large at 0.37 acres, the 16,291 SF lot has alley access and can be assembled with adjacent lots over time.
Property Highlights:
- Delivered Vacant
- 800 Amps Power
- Retail Zoning
- 17,500 Cars Per Day
- Excellent Street Parking
- 15 On-Site Parking Spaces
- 2nd Floor Office Space
- 3-Mile Demographics:
- Population 255,971
- Avg Household Income $84,390
Cannabis Potential:
Included in the sale of the building are the existing approvals for non-retail cannabis uses: cultivation, manufacturing, and distribution. The new owner will need to submit plans for build-out, and the property is grand-fathered in for non-retail cannabis uses. Alternatively, a cannabis retailer seeking a better location may also move their dispensary to this location and take advantage of the existing dispensary build-out which exists in ~5,000 SF
Cannabis Highlights:
- Grandfathered zoning for non-retail cannabis uses
- Applications approved for cultivation, manufacturing, and distribution
- Move your Long Beach dispensary here
- Quality build-out
- Local Cannabis Taxes:
- Manufacturing and Distro: 1%
- Cultivation: $12/SF annually
- Retail: 7% Adult-Use | 6% Medical
Jason Piazza – License# 01405965 – WeCann
