12203 Long Beach Boulevard

    Lynwood, CA 90262
    • $779,100
    • STATUS: Active
    • ON SITE: 208 days
    • ID#: PV19091110
    UPDATED: 64 min ago
    $779,100
    • 0
      BEDS
    • 0.3
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,182
      SQFT
    • $245
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1945
    County:
    Area:

    School Ratings & Info

    Description

    Veronica's Market has been operating as a successful and well-liked business in this location for approximately 29 years with the same owner. The owner is retiring and this is an excellent opportunity for an owner-operator to take over and unlock the opportunity in this business. The business includes a lucrative meat market with a dedicated clientele and the EBT service. Due to the pending retirement, the owner has not prioritized marketing (digital or otherwise) and there is a tremendous opportunity to leverage the excellent location of this business to grow its profits. There are many complementary businesses, restaurants, and a donut shop located on this busy intersection along with a gas station. The sale includes a walk-in fridge, a walk-in meat freezer, and a newly purchased meat showcase. There is an ancillary revenue stream from the parking tenants. The store currently only operates from 8 AM to 7 PM so there is an opportunity to expand the hours. Add some clever social marketing campaigns to the mix, perhaps even a liquor license, water service, and lottery sales and you have a "winner" on your hands (pun intended). Inventory not included in the sale price. There is a back room that can be used as storage.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T13:28:35.55. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
    www.teamforss.com/homes/93939928

    12203 Long Beach Boulevard Lynwood, CA 90262

    • Price: $779,100
    • Status: Active
    • Updated: 64 min ago
    • ID#: PV19091110
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.3
    Acres
    3,182
    SQFT
    $245
    $/SQFT
    1945
    Built
    Neighborhood:
    RM - Lynwood
    County:
    Los Angeles
    Area:
    RM - Lynwood
    Property Description
    Veronica's Market has been operating as a successful and well-liked business in this location for approximately 29 years with the same owner. The owner is retiring and this is an excellent opportunity for an owner-operator to take over and unlock the opportunity in this business. The business includes a lucrative meat market with a dedicated clientele and the EBT service. Due to the pending retirement, the owner has not prioritized marketing (digital or otherwise) and there is a tremendous opportunity to leverage the excellent location of this business to grow its profits. There are many complementary businesses, restaurants, and a donut shop located on this busy intersection along with a gas station. The sale includes a walk-in fridge, a walk-in meat freezer, and a newly purchased meat showcase. There is an ancillary revenue stream from the parking tenants. The store currently only operates from 8 AM to 7 PM so there is an opportunity to expand the hours. Add some clever social marketing campaigns to the mix, perhaps even a liquor license, water service, and lottery sales and you have a "winner" on your hands (pun intended). Inventory not included in the sale price. There is a back room that can be used as storage.
    Exterior Features

    Lot Features Corner LotNear Public Transit Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Asset Class Retail Building Area Units Square Feet Building Status Existing Country Us Current Use Comments Neighborhood Grocery And Meat Market Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Lease Considered YN No Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Retail Retail Center Type Grocery Anchor Security Features Wired For Alarm System Special Listing Conditions Standard Water Source Public Year Built Source Public Records

    Listing provided courtesy of George Chigogidze of George Chigogidze, Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-17T13:28:35.55. 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 deemed reliable but is not guaranteed accurate by the MLS or Allison James Estates and Homes. Licensed in the State of California, USA.
     
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