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$5,758,888
Est. payment /mo
1.15 Acres Lot
UPDATED:
02/08/2025 07:27 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP25024183
HOA Y/N No
Year Built 1980
Lot Size 1.150 Acres
Property Sub-Type Retail
Property Description
VALUE ADDED OPPORTUNITY on a PREMIER CORNER LOT! Prime 50,094 square foot Lot at the Corner of W. Edinger and S. Fairview in Santa Ana. BUILD THE OUTPARCEL pad and make this a cash cow. Existing fully leased 9,099 square feet of retail space PLUS an empty outparcel pad. Each unit has a private bathroom. Electric and Gas is separately metered. Water, house lights, property taxes and insurance are covered by CAM fees. Well over 1 acre here, come and get it. Some of the tenants have been in the property for decades, most are short term. GSI does not include potential income from the vacant/empty outparcel which was a restaurant. (Might be good for a Starbucks or something of the like?). I will post NOI as soon as I receive those figures from the Seller. Most leases go through 9/2026, on in 2028 and one could go through 2030 if the tenant exercises his option to extend. Some of the tenants have been in the property for decades. We have a Phase One Environmental Site Assessment with an inspection date of October 23, 2015 which states “The former building on the south side of the subject property was recently demolished” so this Phase One Inspection was completed after the removal of that structure. I am happy to provide a copy. This sale includes parcel numbers 407-041-35 and 407-041-36, no they will not be sold separately.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning C1
Interior
Fireplace No
Laundry See Remarks
Building
Lot Description Lot Over 40000 Sqft, Flat
Story 1
Water Public
Others
Tax ID 40704136
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
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Listed by Robert Koop Jr • Tekoop Properties, Inc. • 949-584-7667