1801 Long Beach, Long Beach, CA 90806
1801 Long Beach, Long Beach, CA 90806
1801 Long Beach, Long Beach, CA 90806
1801 Long Beach, Long Beach, CA 90806
1801 Long Beach, Long Beach, CA 90806
1801 Long Beach, Long Beach, CA 90806
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Sam Mu

Sam Mu

+1(949) 258-2228
$ 5,000,000
Est. payment | /mo

0.64 Acres Lot

Save
$ 5,000,000
Est. payment | /mo
Save

0.64 Acres Lot

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26000865

HOA Y/N No

Year Built 1958

Lot Size 0.645 Acres

Property Sub-Type Special Purpose

Property Description

We are pleased to present this once in a lifetime opportunity to purchase an automated Car Wash portfolio. There are currently two Car Wash locations for sale individually or as a portfolio in Long Beach and Lynwood. Both properties are fully entitled with approved plans and permits to develop an express automated car wash. The properties can be sold as fee simple real estate with business and plans or will be sold as a NNN leaseback generating over a $25,000/month for a passive buyer. General Terms of the NNN Leaseback would be a 20 year Absolute NNN Lease with 10% increases every 5 years and (2) 10 year option periods to extend the lease. There is also an option to purchase this property as a land development opportunity and build 100+ unit multi family project (buyer to verify with city). This Long Beach Car Wash will feature a proposed 4,850 sq ft automated carwash building on a 28,091 sq ft corner lot. There are a proposed 15 vacuum sites, and more parking and office space for employees as well. The strategic location adjacent to the the Metro Blue line stop on a major intersection of PCH & Long Beach provides endless options for investors, owners, and developers alike in an area massively poised for growth.

Location

State CA

County Los Angeles

Area 5 - Wrigley Area

Interior

Fireplace No

Laundry None

Building

Lot Description 0-1 Unit/Acre, Corner Lot, Level, Near Public Transit, Paved

Story 1

Water Public

Others

Tax ID 7209015028

Acceptable Financing Cash, Conventional, 1031 Exchange, Lease Back

Listing Terms Cash, Conventional, 1031 Exchange, Lease Back

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Austin Longwell West Shores Realty, Inc. 626-408-4420, DRE #02036524

Nearby Locations

Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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1801 Long Beach