Not Defined (699) Homes with Mixed Use Subtype

Not Defined (699) Homes with Mixed Use Subtype

Welcome to the vibrant region of Not Defined, located in the sunny state of California. This area is a hidden gem, offering a unique blend of urban convenience and suburban charm. With a bustling real estate market, there is a wide range of properties available, including homes with the Mixed Use Subtype.

Homes with the Mixed Use Subtype in Not Defined are a popular choice for those looking to blend residential living with commercial opportunities. These properties offer the flexibility of combining living spaces with retail shops, offices, or other commercial ventures. Whether you're a small business owner looking to work from home or an investor seeking rental income, homes with the Mixed Use Subtype provide endless possibilities.

Living in a home with the Mixed Use Subtype in Not Defined means you'll have everything you need right at your doorstep. Enjoy the convenience of having shops, restaurants, and amenities just a stone's throw away from your front door. With a strong sense of community and a diverse range of offerings, this region is the perfect place to call home.

If you're looking for a property that offers both residential comfort and commercial potential, consider exploring the homes with the Mixed Use Subtype in Not Defined. Contact us today to learn more about the real estate opportunities in this dynamic region and find the perfect property to suit your lifestyle.

Newest Not Defined (699) Homes with Mixed Use Subtype

601 Pine Avenue, Long Beach
$3,995,000
PW26228166 MLS ⋅ Active Status
601 Pine Avenue presents a rare value-add opportunity to acquire a substantial historic commercial property in the heart of Downtown Long Beach at an exceptionally low basis of $3,995,000, or approximately $95 per SF. The property consists of an approximately 42,321 SF freestanding commercial building situated on approximately 17,502 SF of land and was formerly occupied by Rite Aid. The building offers a flexible multi-level layout suitable for retail, storage, showroom, fitness, office, creative, or other commercial uses, subject to applicable approvals, and presents multiple potential strategies for an owner-user, investor, or developer. Rite Aid historically utilized the property as a multi-level retail department store, with retail operations extending throughout multiple levels of the building. More recently, the ground floor was used for active retail sales, while the basement, mezzanine, second floor, and third floor were used primarily for inventory storage and support uses. The approximately 2,236 SF mezzanine is believed not to be included in the stated approximately 42,321 SF building area, and the rooftop may offer additional amenity potential, subject to approvals. The building is currently vacant, allowing a purchaser to occupy all or a portion of the property, lease it to a single user, or reposition it for multiple tenants. Based on current preliminary assumptions, the existing building could potentially be stabilized as retail/storage at an estimated ~12.5% cap rate, creating a rare value-add opportunity at the current basis. The property includes approximately 10 parking spaces on the same parcel, while the neighboring 127 W 6th Street lot, separately offered for sale, currently provides approximately 21 additional parking spaces, including an ADA space, with potential to restripe for up to approximately 26 spaces, subject to final layout and approvals. Additional City public parking is located essentially across the street at 50 E 6th Street, providing more than 1,000 additional public parking spaces for customers, tenants, employees, and visitors.

601 Pine Avenue, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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