1429 Cherry, Long Beach, CA 90813

$1,056,000

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List Price
$1,056,000
Status
ACTIVE
MLS#
PW25223960
Year Built
1962
Lot Size
6,081
Acres
0.14
Lot Location
6-10 Units/Acre
Days on Market
310
Property Type
Commercial
Property Sub Type
Retail

Property Description

This is one of the finest freestanding building wherein the business owner operates successful Beer, Wine and Groceries store and has Modified Gross Lease for over 4 years with 3 or more extentions of 5 years each. Current Rent is now $ 6,090 as it goes up EVERY year.

Additional Information

Heat
Central
Cooling
Yes
Cooling Description
Central Air
Water
Public
Attached Structure
Detached
Gross Scheduled Income
$73,080

Listing courtesy of Listing Agent: Jigar Shah (jrshah@pacbell.net) from Listing Office: Century 21 Discovery.

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Calculator source: Real Geeks

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.