5991 Atlantic Avenue Long Beach, CA $ 2,500,000
5991 Atlantic Avenue
$ 2,500,000
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5991 Atlantic Avenue

Long Beach, CA, 90805
$ 2,500,000
Baths0.0 Sq 1,488

Monthly Estimate*

$ 17,463

Listed by South Bay Executive Realty, Inc.
5991 Atlantic Avenue, Long Beach, CA 90805 - Image 1
5991 Atlantic Avenue, Long Beach, CA 90805 - Image 2
Studio

Commercial Property for sale in Long Beach, CA

for $2,500,000. This 1,488 square foot building was built in 1983 on a lot size of 0.2207.

For Sale: Iconic Drive-Thru Restaurant with Liquor License in Bustling Long Beach! Nestled in the heart of Long Beach, a legendary culinary landmark is now available for acquisition for the first time in a decade. El Pollo Imperial, renowned for its delectable offerings and unparalleled service, presents an extraordinary opportunity for aspiring restaurateurs or seasoned investors looking to make their mark in this vibrant community. Prime Location: Situated at the bustling intersection of Atlantic Blvd and E 60th St, El Pollo Imperial commands attention with 83' frontage on Atlantic Blvd and 115' frontage on E 60th St. This strategic location ensures maximum visibility and accessibility, drawing in both locals and visitors alike. Established Brand: With a decade-long legacy, El Pollo Imperial has become an integral part of Long Beach's culinary landscape. Its stellar reputation and loyal customer base provide a solid foundation for continued success under new ownership. Drive-Thru Convenience: Boasting a fully equipped drive-thru facility, El Pollo Imperial caters to the fast-paced lifestyles of modern consumers. Additionally, ample parking space for up to 10 cars further enhances the convenience factor, making it a preferred destination for patrons on the go. Turnkey Operation: The sale includes all essential equipment, from commercial-grade hoods and restaurant appliances to freezers and tables, ensuring a seamless transition for the new owner. Whether you're an experienced restaurateur or a first-time buyer, El Pollo Imperial offers a turnkey opportunity to step into a thriving business from day one. Liquor License Included: In addition to the restaurant's assets, the sale encompasses a valuable liquor license, opening up exciting possibilities for expansion and increased revenue streams. With the ability to serve alcoholic beverages, the potential for growth and diversification is virtually limitless. Flexible Options: While the owner is open to selling El Pollo Imperial along with the property, they are also willing to consider selling the property vacant, providing prospective buyers with the flexibility to explore alternative concepts and reimagine the space according to their vision. Don't Miss Out on this Extraordinary Opportunity! Whether you're an entrepreneur with a passion for hospitality or an investor seeking a lucrative venture, El Pollo Imperial offers the perfect blend of tradition, innovation, and profitability.

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Commercial Active

Price

$ 2,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 0

Style

SpecialPurpose

Lot Size

0.2207

Year Built

1983

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

SB24054472

Days on Market

56

Features
Exterior
Lot Features Item01UnitAcre
Water Source Public
Lot Size Area 9615.0
Spa N
Building Area Total 1488.0
Lot Size Acres 0.2207
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Year Built 1983
Property SubType SpecialPurpose
Business Type FoodBeverage Restaurant Rental
County Los Angeles
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Active
Directions Atlantic and 60th St.
City Long Beach
View Y/N N
Senior Community Y/N N
MLS Area 7 - North Long Beach
Lot Size Square Feet 9615.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Atlantic
Listing Terms Cash CashtoNewLoan Conventional Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 8
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Property Sub Type Additional SpecialPurpose
Expected Active Date 2024-03-20
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Interior
Total Stories 1
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Avenue
Laundry Features None
Entry Level 1
Electric On Property Y/N N
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Internal Only
Street Number 1 5991
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* Excluded Features
List By
South Bay Executive Realty, Inc.

Broker

(310) 978-9133

Phone

Affordability Calculator

$17,463
Per Month
100%
0%
0%
Monthly Principal & Interest
$17,463
Monthly Property Taxes
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Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/20/2024$2,500,000 Listed Price

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5991 Atlantic Avenue, Long Beach, CA, 90805 is a Commercial Property for sale at $2,500,000 with 1,488 sqft and a lot size of 0.2207. 5991 Atlantic Avenue is a studio with 0.0 baths and was built in 1983. The property's zip code is 90805 which is in Long Beach, CA