Long Beach, California, is an attractive destination for investors seeking to capitalize on the city's strong retail market. With its diverse economy, excellent infrastructure, and desirable location, Retail Properties in Long Beach For Sale offer a compelling investment opportunity. These properties can represent a range of investments, from small strip centers to large shopping malls, each with its unique characteristics and potential for returns. Long Beach's strong economy, fueled by its busy port, aerospace industry, and healthcare sector, creates a high demand for retail space. The city's amenities, such as the Aquarium of the Pacific, the RMS Queen Mary, and El Dorado Regional Park, make it an attractive place to live, work, and shop. Additionally, the city's excellent infrastructure, including the Long Beach Unified School District, California State University, Long Beach, and the Long Beach Cruise Terminal, supports a high quality of life and facilitates business growth.
With 75 Retail Properties For Sale in Long Beach, investors have a wide range of options to choose from. These properties offer an average price per square foot of $658 USD and an average size of 9,337 square feet. The largest property available is 42,321 square feet, providing ample space for retailers. In addition to Retail Properties, Long Beach also offers Shopping Centers, Restaurants, Office Properties, and Hotels For Sale, each with its unique characteristics and potential for returns. Shopping Centers in Long Beach offer a range of retail spaces, from small strip centers to large malls. Restaurants in Long Beach benefit from the city's strong tourism industry and diverse population. Office Properties in Long Beach are in high demand, driven by the city's strong economy and excellent infrastructure. Hotels in Long Beach cater to the city's many visitors, drawn by its attractions and events. Overall, Long Beach presents a compelling investment opportunity, with its strong economy, excellent infrastructure, and desirable location making it an attractive place to invest in Retail Properties.
What is the average cap rate for retail properties in Long Beach?
When it comes to retail properties in Long Beach, investors can expect an average cap rate of 5.83%. For those new to commercial real estate investing, a cap rate, or capitalization rate, is a crucial metric that helps determine a property's potential return on investment - to learn more, check out our article on what is a cap rate.
How do location and foot traffic affect retail property values?
In Long Beach, California, location and foot traffic play a significant role in determining retail property values. Properties situated in high-traffic areas, such as those near the Port of Long Beach, the Aquarium of the Pacific, or along major thoroughfares like the San Diego Freeway (I-405) and Long Beach Freeway (I-710), tend to command higher values due to their potential for attracting customers and generating revenue.
