356 Main St Orange, CA 92868-3834
- Retail space
- 9,947 SF
- 0.57 lot acres
Current Use by Public Records
- Retail space
Property Details for 356 Main St
- Year built
- 1965
- Lot size
- 0.57 lot acres
- Property size
- 9,947 SF
- Property type
- Retail space
- APN
- 390-274-11
- APU
- 39027411
Description
This exceptional investment opportunity presents a 5,600-square-foot, multi-tenant retail building in Orange, CA, currently 100% leased to three tenants. Boasting a strong 6.02% cap rate and a substantial net operating income (NOI) of $225,603, this property offers significant return potential. Situated on a 24,916-square-foot lot at 356 S Main St, 92868, the single-story building, constructed in 1979, benefits from a highly desirable C-1 zoning. Its prime location directly across from CHOC Main Campus Orange and Providence St. Joseph Hospital of Orange ensures high visibility and foot traffic. The property is surrounded by other thriving, fully leased retail spaces, sharing ample parking. Convenient freeway access via the 5, 57, and 22 freeways adds to its appeal. The asking price is $3,750,000, translating to $669.64 per square foot. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Orange County market. The property features three units and is offered for sale by owner. APN: 390-274-11.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- California
- Longitude
- -117.869
- Latitude
- 33.7837
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
