322 Santa Fe AvePlacentia, CA 92870

Property Details for 322 Santa Fe Ave

Year built

1919

Lot size

0.11 AC

Property size (Sq ft)

3,554 SF

Property type

Retail properties

Property subtype

Retail space

APN

339-392-09

APU

33939209

Description

This exceptional 1,032-square-foot commercial space is located in the vibrant Old Town Placentia, at 322 W Santa Fe Ave, Placentia, CA 92870, situated on a 4,792 sq ft lot. The property, built in 1919, is a single-story building with a traditional office layout, currently entirely vacant and available for immediate occupancy. The space is zoned for Commercial/Retail use, allowing for a variety of businesses, subject to city approval. The location benefits from its proximity to established restaurants and shops in the heart of Old Town, attracting significant foot traffic. Street parking is available. The property includes a private bathroom for tenant convenience. The city of Placentia is actively pursuing economic revitalization initiatives, presenting a unique opportunity for businesses to establish themselves at competitive prices within a growing community. The minimum divisible space is 1,032 sq ft. The APN is 339-392-09. The cross streets are Santa Fe and Melrose. This property offers a blend of historic charm and modern convenience in a prime location.

• CAP approach

  CAP return

  Valuation

  6%

  $1,170,605

  6.5%

  $1,080,558

  7%

  $1,003,376

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,617,290

  Geo Method

  $1,739,181

• Alternative Use

  Use

  Valuation

  Residential

  $911,491

  Hospitality

  $834,921

  Educational

  $694,645

  Medical

  $718,535

  Retail

  $1,080,558

Location Insight

City

Placentia

County

Orange

State

California

Latitude

33.8693

Longitude

-117.874

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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