5531 Cherry Ave Local commercial 794 m² À vendre Long Beach, CA 90805 1 681 792 € (2 118,76 €/m²) Taux de capitalisation 5,77 %

Asset represents an exceptional owner-user opportunity at $1,867,000 in Long Beach's established commercial corridor. This bank-owned property is priced significantly below market comparable at just $220 per square foot on building area and $100 per square foot on land. Will be delivered vacant for immediate occupancy. Located within 2.5 Miles of major automotive dealerships and other ancillary automotive businesses. property has been operated as an automotive repair shop for several decades. By
all accounts, the business has been thriving and profitable. Intangibles have led the Bank to take back the asset. Part of the due diligence material includes a clean Phase I environmental report. This exceptional property features an 8,544 sq ft industrial facility situated on a generous 18,602 sq ft lot. The professional automotive repair center is fully equipped with state-of-the-art machinery and tools to support high-volume operations. The facility includes the following FF&E: 2 heavy-duty outdoor vehicle lifts, 11 indoor
lifts, and 16 service bays to maximize productivity. Technical capabilities are enhanced by a professional paint booth with ventilation system, precision alignment equipment, custom exhaust pipe fabrication machinery, comprehensive diagnostics systems, and specialized air conditioning repair tools. The secure, gated premises
offer ample space for over 35 vehicles. Property is offered at $1,880,000.