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$ 4,200,000
Est. payment /mo
Active
160 Olinda Place Brea, CA 92823
12,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 12,000 sqft
Price per Sqft $350
MLS Listing ID CRCV23200708
HOA Y/N No
Year Built 1966
Lot Size 3.683 Acres
Acres 3.68
Property Sub-Type Retail
Property Description
Presenting a remarkable investment opportunity, this prime retail shopping center is now available for acquisition. Situated in a highly sought-after location, this property offers investors a strategic asset with a strong track record of performance and promising growth prospects. Strategically located in a high-traffic area with excellent visibility and accessibility, this shopping center is a cornerstone of the community and enjoys a consistent influx of potential customers. This shopping center boasts a total of +/-12,000 square feet on a spacious 3.68 acre lot. The center's diverse tenant mix includes a wide range of retail, dining, and service businesses. The shopping center offers ample parking with approximately 150 parking spaces, ensuring convenience for customers and tenants. The deferred maintenance presents an opportunity for the buyer to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the façade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Within the existing Neighborhood Commercial (C-N) zone, a senior living facility is permitted with the approval of a conditional use
Location
State CA
County Orange
Interior
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Total Parking Spaces 150
Building
New Construction No
Others
Tax ID 31505204
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Listed by Eric Eide • RE/MAX MASTERS REALTY