2117 Orange Olive Rd - Freestanding FOR SALE


Orange, CA 92865
$2,899,000 USD
909-261-0624
2117 Orange Olive Rd, Orange, CA for Sale
$2,899,000 USD
Freestanding - FOR SALE
1/7
null | 3.73% Cap Rate

NEW


2117 Orange Olive Rd
Orange, CA 92865


OVERVIEW

DESCRIPTION Excellent Development Opportunity in the City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only—please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers—this one won’t last!

FOR SALE DETAILS

PRICE

$2,899,000 USD

PRICE/SF

$981 USD /SF

CAP RATE

3.73%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

374-411-19

ASK ABOUT THIS PROPERTY

Yolla ZogheibCENTURY 21 Beachside, RealtorsMore Info
909-261-0624

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Yolla ZogheibCENTURY 21 Beachside, RealtorsMore Info
909-261-0624

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