1062 Tustin St Orange, CA 92867-5958
- Showrooms
- 0.20 lot acres
Current Use by Public Records
- Johnie's Jr Burgers / Breakfast Restaurant / Hamburger Restaurant
Property Details for 1062 Tustin St
- Year built
- 1967
- Lot size
- 0.20 lot acres
- Property type
- Showrooms
- APN
- 375-415-19
- APU
- 37541519
Description
This exceptional 10,441 sq ft lot in Orange, CA (92867), at 1062 N Tustin St, presents a lucrative owner-user or investment opportunity. The single-building property features a drive-thru convenience store currently operating as a mini-market. Its prime location on a stoplight corner at the intersection of Tustin Street and Quincy Avenue ensures high visibility and accessibility. Situated across from the Orange Post Office, this property benefits from substantial traffic volume on busy Tustin Avenue, a highly desirable area within Orange County's rapidly growing market. The property boasts a monumental sign, enhancing its visibility and brand recognition. With multiple entrances from both Tustin Street and Quincy Avenue, customer access is maximized. The asking price is $1,495,000. This is a rare chance to acquire a thriving business in a prime location with significant growth potential. The property's size and strategic placement make it an ideal investment for both owner-operators and investors seeking a strong return.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $90,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $120,000
- 6.5%
- $110,000
- 7%
- $115,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $120,000
- Geo Method
- $120,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $95,000
- Retail
- $95,000
- Mixed-Use
- $110,000
- Hospitality
- $90,000
- Educational
- $125,000
- Residential Income
- $120,000
- Energy
- $110,000
- Income-Based Land
- $90,000
- Food Service
- $100,000
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- California
- Longitude
- -117.836
- Latitude
- 33.8053
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA