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Listed by Yvonne Tran • Lifetime Realty Inc
$ 589,999
Est. payment | /mo
720 SqFt
$ 589,999
Est. payment | /mo
720 SqFt
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 720 sqft
Price per Sqft $819
MLS Listing ID CRPW25151021
HOA Y/N No
Year Built 1962
Lot Size 6,970 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Exceptional Investment Opportunity in Prime Santa Ana Location Presenting a unique commercial offering in the heart of Santa Ana: a well-established 720-square-foot property that has operated as a successful Mexican restaurant for over 20 years. With the original tenant now retired, the space is under new tenancy with a recently signed 15-year lease. The current tenant is responsible for all utilities, providing a stable, low-maintenance investment. Located on a spacious lot, the property offers not only steady rental income but also potential for future development or expansion. It generates a strong annual gross income of $41,616, reflecting a solid 5.9% capitalization rate. This property is available for purchase with or without the tenant, offering flexibility for both investors and owner-users. Offered “as-is,†this is a rare opportunity to acquire a proven income-producing asset in a high-demand area.
Location
State CA
County Orange
Interior
Heating Radiant
Fireplace No
Building
Water Public
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Adam Shoop
Broker Associate at LPT Realty | Lic# 1782227