8971 Research DrIrvine, CA 92618

  • Other commercial real estate
  • 0.14 AC
For Sale
$4,000,000 View listing

Property Details for 8971 Research Dr

Lot size
0.14 AC
Property type
Other commercial real estate
APN
588-177-17
APU
58817717

Description

This exceptional ±6,000 square foot freestanding restaurant building, located at 8971 Research Drive in Irvine, California (zip code 92618), presents a unique investment opportunity. Built in 2004, this single-story property boasts an open floor plan ideal for a variety of culinary concepts. The interior features polished concrete floors and exposed ceilings, creating a modern and stylish ambiance. A convenient glass roll-up door enhances accessibility and flexibility. The building's prime location within the Brenexus Limited Edition Complex offers excellent visibility and accessibility. Its proximity to major freeways (405, 5, and 133) ensures convenient access for both employees and customers. Furthermore, the property is less than three miles from the popular Los Olivos Marketplace and the Irvine Spectrum Center, a renowned shopping and entertainment destination with over 130 retail and restaurant venues, guaranteeing high foot traffic and a strong customer base. The asking price for this remarkable property is $4,000,000. This represents a compelling opportunity to acquire a well-situated, high-quality restaurant space in a thriving Orange County location.

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,478,052
    Hospitality
    $1,353,888
    Educational
    $1,126,418
    Medical
    $1,165,158
    Retail
    $1,752,207
8971 Research Dr, Irvine, California
Leaflet | © OpenStreetMap contributors

Location Insight

City
Irvine
County
Orange
State
California
Latitude
33.642
Longitude
-117.737
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$20,252
$1,086,158
$881,719
$1,967,877
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