160 Olinda Place, Brea, CA 92823

This retail shopping center presents a remarkable investment opportunity in a highly sought-after location. The property is strategically located in a high-traffic area, offering excellent visibility and accessibility, making it a cornerstone of the community with a consistent influx of potential customers. The shopping center spans approximately 12,000 square feet on a 3.68 acre lot. Its diverse tenant mix includes a range of retail, dining, and service businesses. Ample parking is available, with approximately 150 parking spaces. Deferred maintenance offers an opportunity for renovation and modernization, potentially increasing leasing appeal and rental income through upgrades to the façade, parking lot, landscaping, or 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 permit (CUP). A rezone to Single Family (R-1) is the most intensive residential density the City may be supportive of. Currently, the maximum density in the R-1 zone is 6 dwelling units per acre. A zone change would also require a general plan amendment, which is a legislative request that requires city council approval. At a minimum, this type of project application would require the preparation of an initial study by one of our environmental consultants to assess what type of environmental review is warranted. Buyers are advised to check with the City for all development possibilities. The property is located in Brea, California, in Orange County.