2220 Lincoln Ave Anaheim, CA 92801-6501
- Retail space
- 5,127 SF
- 0.28 lot acres
Current Use by Public Records
- Go To Blinds / Contractor
- Linbrook Family Billiard / Pool Hall
- ElCielo Shades / Blinds Shop
Property Details for 2220 Lincoln Ave
- Year built
- 1963
- Lot size
- 0.28 lot acres
- Property size
- 5,127 SF
- Property type
- Retail space
- APN
- 127-071-16
- APU
- 12707116
Description
This exceptional 5,400 square foot storefront, situated on a 12,009 square foot lot in Anaheim, CA (92804), presents a lucrative owner-use or investment opportunity. Boasting a prime location near the intersection of major freeways (I-5 and 91) and surrounded by high-traffic businesses like Big Wave Car Wash and Little Caesars, this property enjoys exceptional visibility and accessibility. The building features a flexible open floor plan, recently remodeled with new flooring, window blinds, and a state-of-the-art HVAC system. Improvements also include two restrooms, a storage room, three open office areas, a private office, and a warehouse, all enhanced by a secure front gate. Ample parking is provided with twelve spaces – six gated in the front, two on the side, and four in the rear. Three entry/exit points offer convenient access. The property has undergone a termite inspection and clearance in March 2023. Currently operating as a window blinds store, the property offers a strong, stable cash flow, with a pro forma cap rate of 3% and an NOI of $113,400. The pro forma rental rate is $13,500 per month, aligning with the market rate of $2.50 per square foot. The current owner is open to remaining as a tenant post-sale. This property is ideally situated in a high-growth area, ranked highly for diverse convergence, urban villages, new residents, and family expansion. Asking price: $3,586,800 ($700 per square foot).
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,680,000
- 6.5%
- $1,495,000
- 7%
- $1,540,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,360,000
- Geo Method
- $1,375,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,585,000
- Retail
- $1,470,000
- Mixed-Use
- $1,820,000
- Hospitality
- $1,530,000
- Educational
- $1,700,000
- Residential Income
- $1,860,000
- Energy
- $1,840,000
- Income-Based Land
- $1,535,000
- Food Service
- $1,540,000
Location Insight
- Map
- Local Demand
- City
- Anaheim
- County
- Orange
- State
- California
- Longitude
- -117.96
- Latitude
- 33.8322
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
