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    Land

    10641 Garden Grove Blvd, Garden Grove, CA 92840

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    AI-generated overview

    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 profile
    Verified
    Property type Land
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • RCRS ROADSIDE SERVICE Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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