160 Olinda Pl - Storefront FOR SALE


Brea, CA 92823- Brea-Olinda
$2,995,000 USD
626-786-5869
160 Olinda Pl, Brea, CA for Sale
$2,995,000 USD
Storefront - FOR SALE
1/8
null | 3.46% Cap Rate

160 Olinda Pl
Brea, CA 92823
Brea-Olinda


HIGHLIGHTS

  • Positioned in a high-traffic corridor with excellent visibility and easy access.
  • Approximately 150 surface parking spaces provide abundant customer convenience.
  • Anchored by a diverse tenant mix, including retail, dining, and service businesses.
  • Value-add opportunity through renovations to façade, common areas, and parking lot.
  • Expansion or redevelopment potential under existing zoning or through rezoning approvals.
  • Potential senior living redevelopment permitted with conditional use authorization.

OVERVIEW

This retail shopping center offers a compelling investment opportunity in a high-visibility, high-traffic location. Spanning approximately 12,000 square feet on a 3.68-acre parcel, the property features a diverse mix of retail, dining, and service tenants that generate consistent customer activity. The asset includes roughly 150 parking spaces, ensuring convenience and accessibility for visitors. Deferred maintenance presents a value-add opportunity for renovation and modernization, which can enhance tenant appeal and bolster rental income. Additionally, the site’s Neighborhood Commercial (C-N) zoning allows for creative redevelopment options, including possibilities for senior living facilities subject to a conditional use permit. Investors also have potential for rezoning, with R-1 zoning permitting up to six single-family dwellings per acre, contingent on City approvals. This property combines an established performance record with strong long-term growth potential, offering significant flexibility for investment strategies.

FOR SALE DETAILS

PRICE

$2,995,000 USD

PRICE/SF

$250 USD /SF

CAP RATE

3.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1966

SPRINKLERS

-

PARKING SPACES

150

LAND DETAILS

LAND ACRES

3.68 AC

LAND SF

160,301 SF

ZONING

C-N

APN/PARCEL ID

315-052-04

ASK ABOUT THIS PROPERTY

Jorge YamzonSENIOR VP AND DIRECTORMore Info
626-786-5869

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Jorge YamzonSENIOR VP AND DIRECTORMore Info
626-786-5869

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.