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2117 Orange Olive Rd 2,955 SF Retail Building Orange, CA 92865 $4,046,772 CAD ($1,369.47 CAD/SF) 3.73% Cap Rate
EXECUTIVE SUMMARY
DESCRIPTION
Excellent Development Opportunity in the City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only—please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers—this one won’t last!
Excellent Development Opportunity in the City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only—please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers—this one won’t last!
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,955 SF
Building Class
C
Year Built/Renovated
1955/2010
Price
$4,046,772 CAD
Price Per SF
$1,369.47 CAD
Cap Rate
3.73%
NOI
$150,759 CAD
Business Value
$697,960 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.52 AC
Parking
25 Spaces (8.46 Spaces per 1,000 SF Leased)
Frontage
154’ on Orange Olive Rd
AMENITIES
- Pylon Sign
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Lighthouse Laundromat
- Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Lighthouse Laundromat | Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 374-411-19 | Improvements Assessment | $299,292 CAD |
| Land Assessment | $1,021,142 CAD | Total Assessment | $1,320,434 CAD |
PROPERTY TAXES
Parcel Number
374-411-19
Land Assessment
$1,021,142 CAD
Improvements Assessment
$299,292 CAD
Total Assessment
$1,320,434 CAD
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2117 Orange Olive Rd
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