2525 Grand Ave Santa Ana, CA 92705-8726
- Community centers
- 39,018 SF
- 3.75 lot acres
Current Use by Public Records
- Mariscos El Cangrejo Nice 3 / Mexican Restaurant / Seafood Restaurant
- Continental Funeral Home Santa Ana / Funeral Home / Cremation Service
- EqualTox Laboratory / Medical Laboratory
- Labor Finders / Employment Agency
- Grupo Nueva Luz / Alcoholism Treatment Program
Property Details for 2525 Grand Ave
- Year built
- 1976
- Lot size
- 3.75 lot acres
- Property size
- 39,018 SF
- Property type
- Community centers
- APN
- 396-361-05
- APU
- 39636105
Description
This 3.8-acre, 39,124 square foot shopping center in Santa Ana, CA presents a compelling redevelopment opportunity. Currently operating as a multi-tenant retail center with 38% occupancy and a Net Operating Income (NOI) of $207,062, the property offers significant upside potential. Built in 1976, the single-story Class B property features in-line shops and two single-tenant pad buildings, all visible from Grand Avenue. The flexible tenancy, with most tenants on month-to-month leases, allows for near-term redevelopment. The property's C5 Arterial Commercial zoning, combined with the 2022 General Plan Update allowing for residential development under the Urban Neighborhood (UN-30) designation and the Harbor Mixed Use Transit Corridor Specific Plan (HMUTC), unlocks a multitude of potential uses, including retail, hotel, residential, or mixed-use developments. Its central Orange County location provides easy access to major attractions, including Chapman University, Outlets at Orange, Disneyland, Honda Center, Angel Stadium, John Wayne Airport, and South Coast Plaza, enhancing its desirability and potential value. This infill location offers a rare chance to capitalize on the strong demand for development in this highly desirable area. The existing income stream from the current tenants provides a stable foundation for future redevelopment plans. This property is an exceptional investment for those seeking a value-add opportunity with significant upside potential.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $690,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Santa Ana
- County
- Orange
- State
- California
- Longitude
- -117.852
- Latitude
- 33.7709
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
