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Motel for Sale within 10 kilometers of Irvine, CA, USA

More details for Redevelopment Opportunity - Santa Ana – for Sale, Santa Ana, CA

Redevelopment Opportunity - Santa Ana

  • Motel
  • Mixed Types for Sale
  • $15,042,940 CAD
  • 2 Properties | Mixed Types

Santa Ana Portfolio of properties for Sale - Civic Center Area

* Two Adjacent Development Sites – 1502 and 1519 E 1st Street are located across the street from each other, providing a larger canvas for redevelopment projects and include a 1.50-acre parcel (1502) and a 1.36-acre parcel (1519) with existing motels situated on both properties * Beneficial Zoning for Development – Situated in the recently updated Metro East Mixed- Use (MEMU) Overlay both For Sale & Multi-Housing development, within the Neighborhood Transitional District of the Overlay allowing Live/Work units and Multiple-Family Residential * Prime Santa Ana Location – Located immediately west of the I-5 and 55 Freeways, the sites are near Santa Ana’s historic core, the center of significant upgrade efforts and attractive cultural and entertainment home to award-winning educational and cultural institutions, Artists Village, Historic East End, as well as sporting venues, and museums. There are more 3,000 single-family homes, condos, and apartments in the development pipeline in the downtown and surrounding area. * Dense, Affluent Orange County Demographics: * 43,808 residents within a 1-mile radius with $93,979 AHI * 274,188 residents within a 3-mile radius with $124,338 AHI * 660,115 residents within a 5-mile radius with $137,800 AHI * Approximately 2 million people live within a 10-mile radius with an annual household spending budget of $54.3+ billion

Contact:

CBRE

Property Subtype:

Mixed Types

Date on Market:

2025-05-29

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