Value-Add Retail Center in
1140-1232 N Tustin St, Orange, CA 92867
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Multi-tenant retail center with value-add potential in Orange, California.
Type:Retail
Property size:
47,804 SFLot size:
3.46 AcresPrice / SF:
$230/SF- Added:
- Feb 12, 2026
- Days on Market:
- 89
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 1140-1232 N Tustin St
General Information
- Standard status
- Active
- Size
- 47,804 SF
- Lot size
- 3.46 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1965
Listing agent Nick Miller License #CA 02059453
Listing office Faris Lee Investments (562) 756-7490
Listing date Feb 12, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
HighLights
- Value‑add opportunity with significant upside potential.
- Strategic location on Tustin Street with high visibility and traffic counts.
- Compelling basis with a low implied land value of approximately $73 per square foot.
- Strong infill demographics with a large residential population and high average household incomes.
- All leases roll within approximately three years, allowing full control over lease terms.
- Multiple points of frontage and signage opportunities.
Overview
This multi-tenant neighborhood retail center is located on a 3.46-acre site in Orange, California. The property has frontage and visibility on Tustin Street, which experiences approximately 39,400 vehicles per day. It is also near the Interstate 55 corridor, which sees approximately 232,200 vehicles per day. The location provides access to surrounding residential neighborhoods and regional employment centers. The property's multiple points of frontage and signage opportunities enhance tenant branding, leasing velocity, and long-term income stability. The property is positioned for sustained tenant demand, value-add leasing, and long-term income growth. The location benefits from infill demographics and a daytime population, with approximately 168,000 residents within three miles and average household incomes exceeding $152,000, along with nearly 109,000 employees supporting weekday traffic. The property contains 47,804 square feet. All leases roll within approximately three years and carry no remaining tenant options, providing ownership full control over lease economics, tenant mix, and lease structure, including the ability to convert leases to NNN and significantly grow NOI. Inplace rents average approximately $1.33 per square foot gross versus market rents of approximately $1.75 per square foot NNN. Optionality exists to reposition the site to a higher and better use, subject to zoning and market conditions.
Location Intelligence
Current Use by Public Records
Shopping centers
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Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- California
- Longitude
- -117.8360319
- Latitude
- 33.8070337
Nearby Similar for Sale
FAQs
What type of property is this?
Shopping center - Multi-tenant retail center with value-add potential in Orange, California.
Where is this shopping center located?
The property is located at 1140-1232 N Tustin St Orange, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Value‑add opportunity with significant upside potential.; Strategic location on Tustin Street with high visibility and traffic counts.; Compelling basis with a low implied land value of approximately $73 per square foot.
