Under Contract
2208 N Main Street
Santa Ana CA, 92706
$1,250,000
$572.61 per sqft
Under Contract
2,183 sqft
Commercial
Built in 1966
Listed by Jeb Middlebrook with Keller Williams Coastal Prop. 562-961-1400
BACK-UP OFFERS ACCEPTED! Welcome to 2208 N Main St in Santa Ana! Amazing opportunity to purchase a 3-unit commercial building with flexible retail and office zoning, with a 4th bonus unit easily permitted (Seller has plans vetted by City!) in a 2183 sq ft commercial property with 12,632 sq ft lot and 15-space parking lot. Building and anchor business frontage on Main Street and 5 freeway on/off ramp in Santa Ana - only 2-3 blocks from Santiago Park, Rancho Santiago Community College, Bower Museum, and Discovery Cube. 9-10 comparable commercial sales in the immediate area show an exceptionally well-priced property, in its combination of units, square footage, lot size, and parking! Sale includes 2 leased units with consistently paying tenants until 2026, paying $4000+/month combined rent. 1 additional unit and bonus unit delivered vacant at close of Escrow - which could pay an additional $4000+/month combined rent once bonus unit permitted or $2500+/month from currently permitted 3rd anchor unit. And/or take over and continue running the $100K/year cash-flowing, anchor business, celebrating its 70th year this year. Seller willing to carry business for 0% down, $2000/month for 75 months as part of building sale! Building and business are turnkey and ready to take over AND offer opportunities for value add and improvements to command higher market rent and income. Owners selling to retire. This property and business will sell quickly; be sure to view and make an offer ASAP!
PW24070950
MLSⓇ ID
March 6, 2024
Listed
May 5, 2024
Updated
Map
2208 N Main Street
Santa Ana CA, 92706
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
No
Cooling Description
None
Heating
No
Heating Description
None
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
2-5 Units/Acre
Roof
Flat
Other Property Details
Area Name
70 - Santa Ana North of First
Days on Market
17
Garage
No
Parking Total
15
View
No
County
Orange
Water Source
Public
Pool
No
Zoning
COM-NEC
Buyer Agency Compensation
2.5%
Listing History
Date | Event | Price |
---|---|---|
5/5/2024 | Price Change | $1,250,000 13% |
4/26/2024 | Under Contract | — |
Listing Contact: 562-961-1400
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/5/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 5/5/2024 at 6:11 PM UTC