5242-5246 E. 2nd St.

Kennedy-Wilson Properties, Ltd., negotiated the $5,075,000 sale of a 4,128-square-foot retail building at 5242-5246 E. 2nd St., Long Beach, CA 90803. Located in the heart of Belmont Shore’s main shopping and dining corridor, the property has two long-term leases in place with Rakkan Ramen and Dave’s Hot Chicken.

Belmont Shore’s 2nd Street corridor has proven a desirable location for commercial tenants seeking high foot traffic, strong reflective retail, and a relatively affluent consumer base. Located at the hard, signalized corner of 2nd Street and Covina Avenue, the property received multiple bids for purchase.