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.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 5/5/2024 at 6:11 PM UTC

 

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