This corner lot building, constructed in 1953 is LBPD25 zoning and sits on a 2,672 square-foot lot. The building comprises approximately 2,620 square feet of leasable area. It currently operates as a deli meat supermarket with no alcoholic beverages or lottery licenses.
As per the PD-25 Zoning Planned Development Ordinance, the building can continue in its current function. It can also be used for a wide variety of businesses, including office support, personal services, professional services, retail sales, restaurant and ready-to-eat food services, and many more, making this a value-added opportunity for a small business owner or to generate upside rental income. There is also the option to use it as a facility for cannabis cultivation and dispensing. This would require a conditional use permit. (Please refer to the attachment for the PD-25 Zoning Ordinance from Atlantic Avenue Planned Development District for reference).
The potential for this property is ideal for a high-yielding investment opportunity. Interested parties should perform their due diligence to verify with the city of Long Beach regarding the current zoning and all required conditional use permits to use the property for business purposes. The current occupants or employees should not be disturbed.
PD-25 Zoning Ordinance