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    10641 Garden Grove Blvd Garden Grove, CA 92840

    Sponsored
    For Sale
    $5,900,000

    Prime Garden Grove location, approved project.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial land offering presents a remarkable opportunity for developers and investors. Located in Garden Grove, California, at 10641 Garden Grove Blvd, this 29,983 square foot parcel (APN: 08909225, 08909226, 08909206) boasts a fully approved four-story mixed-use project plan. The project, approved by the City of Garden Grove, includes 10 residential live/work units, commercial retail space on the first floor, and commercial office space on the second floor. The total building area is 43,793 square feet, encompassing 30 parking spaces and two elevators. All city permits have been obtained, and all associated fees have been paid, making this a turnkey project ready for immediate construction. The property enjoys high visibility on Garden Grove Boulevard, benefiting from significant traffic exposure. Its convenient location offers proximity to major amenities such as Home Depot, the historic Main Street Downtown, and a Costco center. Furthermore, it's conveniently situated within a 5-minute drive of the 22 freeway and a 15-minute drive of the 405 freeway. This is a rare opportunity to acquire a fully permitted, ready-to-build mixed-use project in a thriving location. The asking price is $5,900,000. The zoning is AR.

    Property Features for 10641 Garden Grove Blvd

    General Information

    Property type
    Land

    HighLights

    • $5,900,000 asking price for 29,983 square feet of commercial land.
    • High‑traffic location on Garden Grove Blvd. in Garden Grove, CA.
    • Fully permitted four‑story mixed‑use project approved by the City of Garden Grove; all city fees paid.
    Property Profile Location Intelligence

    Current Use by Public Records

    RCRS ROADSIDE SERVICE Towing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.94697643345
    Latitude
    33.774209841302

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    FAQs

    What type of property is this?
    Land - Prime Garden Grove location, approved project.
    Where is this land located?
    The property is located at 10641 Garden Grove Blvd Garden Grove, CA.
    What is the asking price?
    The asking price for this property is $5,900,000.
    What are key features of this property?
    This property features: $5,900,000 asking price for 29,983 square feet of commercial land.; High-traffic location on Garden Grove Blvd. in Garden Grove, CA.; Fully permitted four-story mixed-use project approved by the City of Garden Grove; all city fees paid.
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    10641 Garden Grove Blvd Garden Grove, CA 92840
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    10641 Garden Grove Blvd Garden Grove, CA 92840
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