$1,000,000
$1,100,000
9.1%For more information regarding the value of a property, please contact us for a free consultation.
0.29 Acres Lot
SOLD DATE : 06/11/2024
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID PW24070950
Sold Date 06/11/24
HOA Y/N No
Year Built 1966
Lot Size 0.290 Acres
Lot Dimensions Assessor
Property Description
FOR SALE! 2208 N Main St in Santa Ana! 100% leased, 3-unit commercial building with $79K+/year gross revenue, and $100K+ annual gross potential! - with a 4th bonus unit easily permitted that could earn $18K+/year additional, as well as a leasable 15-space parking lot with $6000+/year income possible. Showings by appointment only. Offers due Friday 5/24.
Property is expansive with 2183 sq ft leasable indoor space and 12,632 sq ft lot and leasable 15-space parking lot. Building and anchor business frontage on Main Street and 5 freeway on/off ramp in Santa Ana - only 2-3 blocks from Santiago Park, Rancho Santiago Community College, Bower Museum, and Discovery Cube. 9-10 comparable commercial sales in the immediate area show an exceptionally well-priced property, in its combination of units, square footage, lot size, and parking!
Sale includes 3 leased units with consistently paying tenants until 2026, paying $6500+/month combined rent, with steps ups to $7000+, and at least 5 parking spaces rentable at $100+/month for an additional $500+/month income. A 4th easily permitted, bonus unit is delivered vacant at close of Escrow and could rent at $1500+/month.
Building and business are turnkey and ready to take over AND offer opportunities for value add and improvements to easily command higheru market rent and income given the location. Owners selling to retire. This property and business will sell quickly; be sure to view and make an offer ASAP!
Location
State CA
County Orange
Area 70 - Santa Ana North Of First
Zoning COM-NEC
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Heating None
Cooling None
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Roof Type Flat
Total Parking Spaces 15
Building
Lot Description 2-5 Units/Acre
Story 1
Water Public
Others
Tax ID 39910106
Security Features Security System,Security Lights,Window Bars
Acceptable Financing Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange, Owner May Carry
Listing Terms Cash, Cash to Existing Loan, Cash to New Loan, 1031 Exchange, Owner May Carry
Financing Cash
Special Listing Condition Standard
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Bought with Jeb Middlebrook • Keller Williams Coastal Prop.
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Realtor® | Lic# 01332311