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1826 W Chapman Ave - Three parcels totaling 1.5 Acres 1.49 Acres of Commercial Land Offered at $8,728,439 CAD in Orange, CA 92868
Investment Highlights
- Approximately ±1.50 acres across three contiguous parcels.
- Fenced yard area with two separate points of access.
- Prominent frontage and monument signage along Chapman Avenue.
Executive Summary
Two Buildings totaling 12,213 SF
Retail, showroom, warehousing and yard storage capabilities
Possible redevelopment opportunity
Major street frontage on Chapman Ave
Immediate access to 57, 5, 22, 91, 55 Freeways
Nearby prominent amenities and venues, including: Orange Circle, Chapman University, Angel Stadium, OC Vibe, Honda Center, Anaheim Amtrak
The back parcel is zoned residential, but the seller has occupied this site for 60+ years, and it has never been used as residential. It's always functioned as a paved storage and parking yard supporting the business on Parcels 1 and 2. Given that history, the nonconforming use should be able to continue with the next buyer (Broker and Seller make no representation and urge Buyer to independently verify all zoning information with the City of Orange and Buyer’s zoning consultant).
Asking $6.3M or $96.42 Per Land SF
Seller can include business in the sale of the property at no additional cost to Buyer. Business is Orange County Farm Supply, Inc. https://www.ocfarmsupply.com/ ; Please note that the sale of the real estate is not contingent on the sale of the business. The two can be sold together or separately.
Property Facts
1 Lot Available
Lot
| Price | $8,728,439 CAD | Lot Size | 1.49 AC |
| Price Per AC | $5,851,705.64 CAD |
| Price | $8,728,439 CAD |
| Price Per AC | $5,851,705.64 CAD |
| Lot Size | 1.49 AC |
Specialty property on Chapman Ave - 12,213 SF on 1.5 Acres - Retail, showroom, warehousing and yard storage capabilities - Possible redevelopment opportunity - The back parcel is zoned residential, but our client has occupied this site for 60+ years,
Description
The property at 1826 W Chapman Avenue in Orange, California consists of two buildings totaling approximately ±12,213 square feet situated on three parcels totaling approximately ±1.50 acres. Improvements include a showroom/retail warehouse building, a warehouse building, monument signage, and a fenced paved yard with two access points. Parcel 1 and Parcel 2 are designated General Commercial under the General Plan and zoned C-2 (General Business). Parcel 3 is designated Low Density Residential and zoned R-1-6 (Single Family Residential). The property is located along Chapman Avenue with access to Interstate 5 and State Routes 22, 55, and 57. NOTE: Parcel 3 is zoned R-1-6 (Single Family Residential) but is not currently used for residential purposes. The parcel consists of a paved storage / parking yard that has supported the business operations conducted on Parcels 1 and 2 (Orange County Farm Supply, Inc.) for approximately 60 years. Continuation of the parcel's existing nonresidential use may be permissible under the nonconforming use provisions at Chapter 17.38 of the Orange Municipal Code. Buyer must independently verify all zoning and permitted use matters with its own consultants and the City of Orange.
Property Taxes
| Parcel Numbers | Improvements Assessment | $215,053 CAD | |
| Land Assessment | $4,281,015 CAD | Total Assessment | $4,496,068 CAD |
Property Taxes
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1826 W Chapman Ave - Three parcels totaling 1.5 Acres
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