Building + Business Opportunity 2020 E Artesia Blvd Local commercial 111 m² 100 % Loué À vendre Long Beach, CA 90805 785 640 € (7 047,13 €/m²)

Matthew Luchs and Matt Ambrose of Zacuto Group are pleased to exclusively present 2020 E Artesia Boulevard, a fully improved ±1,200 square foot retail bar building situated on a ±3,148 square foot parcel in North Long Beach. This offering includes both the real estate and the operating business, Falcon North, a sibling venue to the iconic World Famous Falcon in Downtown Long Beach. Known for its loyal following, strong local reputation, and cross-promotion with its downtown counterpart, Falcon North is a cornerstone of the LGBTQ+ nightlife scene in North Long Beach.
Originally opened in 1965, it gained recognition over the decades under several iconic names, including Mike’s Coral, Pistons, and Eagle 562. Since 2021, it has proudly operated as Falcon North, uniting it under the well-known Falcon brand. While the name has changed, the venue continues to retain its signature Eagle aesthetic and community-driven energy with themed nights and rotating entertainment that keep the space highly active. Falcon North operates under a rare and valuable Type 48 liquor license permitting full alcohol service without the requirement of food and is further entitled for live entertainment and off-site catering. The property also features a ±1,800 square foot fenced patio allowing for seamless indoor-outdoor programming. Regular events include bookings by nationally recognized promoters who frequently rent the space for LGBTQ+ nightlife activations, bringing additional brand equity and audience reach to the venue.
The current lease is structured as triple net, minimizing landlord obligations, with pro-forma market rents estimated at $2.50 per square foot for the bar and $1.00 per square foot for the patio. The building has undergone more than $200,000 in recent improvements, including a new HVAC system, electrical and plumbing upgrades, a 12-tap custom bar, walk-in cooler, DJ booth, ADA-compliant restrooms, polished concrete floors, new paint, and a high-end lighting and sound system both indoors and on the patio.
Situated along E Artesia Boulevard with exposure to nearly 20,000 vehicles per day, Falcon North enjoys strong visibility and walk-up potential. The surrounding area includes over 311,000 residents and average household incomes exceeding $85,000 within a five-mile radius. With limited local nightlife competition, deep community roots, and strong demographic fundamentals, 2020 E Artesia Boulevard presents a rare opportunity to acquire a highly improved, license-rich hospitality asset with both cultural significance and long-term upside.