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2375 N Tustin Ave
Orange, CA 92865
Retail Property For Sale


INVESTMENT HIGHLIGHTS
- Blank Canvas Investment Opportunity
- Significant Repositioning/Redevelopment Potential Including Residential
EXECUTIVE SUMMARY
* Blank Canvas Investment Opportunity – Few investment properties come to market in Orange County, let alone assets in the highly-coveted City of Orange, with reposition-redevelopment potential for investor, developer and owner-user purchasers
* Significant Repositioning/Redevelopment Potential Including Residential – With its approximate 4.32-acre site, potential for an additional 0.78-acre pad parcel purchase, ±45,675 SF building, and Tustin Redevelopment Project Area (C-TR) zoning, the property has the potential to be repositioned or redeveloped into a variety of commercial uses as well as residential uses
* Land Bank Potential – The property can be repositioned in its current configuration or completely redeveloped - A favorable leasing opportunity benefits investor, developer or owner-user needs while alternatives and strategies are considered for a longer-term hold or shorter-term "carry"
* Irreplaceable High-Exposure Freeway Adjacent Location – Situated directly across Tustin St from The Village at Orange, arguably one of the best retail corridors in Orange County with access from and exposure to the SR-55 Freeway (±218,000 cars per day) - the property includes a massive freeway adjacent pylon sign creating additional advertising and revenue possibilities
* Affluent, Mature Orange County Demographics – 16,700+ people with AHI $156,300+ in a 1-mile radius, 133,300+ people with AHI $149,700+ in a 3-mile radius, and 462,200+ people with AHI $141,500+ in a 5-mile radius
* Significant Repositioning/Redevelopment Potential Including Residential – With its approximate 4.32-acre site, potential for an additional 0.78-acre pad parcel purchase, ±45,675 SF building, and Tustin Redevelopment Project Area (C-TR) zoning, the property has the potential to be repositioned or redeveloped into a variety of commercial uses as well as residential uses
* Land Bank Potential – The property can be repositioned in its current configuration or completely redeveloped - A favorable leasing opportunity benefits investor, developer or owner-user needs while alternatives and strategies are considered for a longer-term hold or shorter-term "carry"
* Irreplaceable High-Exposure Freeway Adjacent Location – Situated directly across Tustin St from The Village at Orange, arguably one of the best retail corridors in Orange County with access from and exposure to the SR-55 Freeway (±218,000 cars per day) - the property includes a massive freeway adjacent pylon sign creating additional advertising and revenue possibilities
* Affluent, Mature Orange County Demographics – 16,700+ people with AHI $156,300+ in a 1-mile radius, 133,300+ people with AHI $149,700+ in a 3-mile radius, and 462,200+ people with AHI $141,500+ in a 5-mile radius
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
45,675 SF
Building Class
B
Year Built
2008
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.24
Lot Size
4.32 AC
Zoning
C-TR - Tustin Redevelopment
Parking
299 Spaces (6.55 Spaces per 1,000 SF Leased)
Frontage
67’ on N Tustin
AMENITIES
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Signage
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 372-642-32 | Improvements Assessment | $101,128 CAD |
| Land Assessment | $1,366,877 CAD | Total Assessment | $1,468,004 CAD |
PROPERTY TAXES
Parcel Number
372-642-32
Land Assessment
$1,366,877 CAD
Improvements Assessment
$101,128 CAD
Total Assessment
$1,468,004 CAD
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