Homes for sale - 160 Olinda PL, Brea, CA 92823

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Jeffrey Bullock

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$ 4,600,000

Est. payment -/mo

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Active Under Contract

160 Olinda PL Brea, CA 92823

3.68 Acres Lot

UPDATED:

09/30/2024 06:46 PM

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID CV23200708

HOA Y/N No

Year Built 1966

Lot Size 3.683 Acres

Property Description

Presenting a remarkable investment opportunity, this prime retail shopping center is now available for acquisition. Situated in a highly sought-after location, this property offers investors a strategic asset with a strong track record of performance and promising growth prospects. Strategically located in a high-traffic area with excellent visibility and accessibility, this shopping center is a cornerstone of the community and enjoys a consistent influx of potential customers. This shopping center boasts a total of +/-12,000 square feet on a spacious 3.68 acre lot. The center's diverse tenant mix includes a wide range of retail, dining, and service businesses. The shopping center offers ample parking with approximately 150 parking spaces, ensuring convenience for customers and tenants. The deferred maintenance presents an opportunity for the buyer to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the façade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Please note, expenses to follow.

Location

State CA

County Orange

Area 86 - Brea

Interior

Fireplace No

Laundry None

Exterior

Fence Chain Link

Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Roof Type Spanish Tile

Total Parking Spaces 150

Building

Lot Description Gentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Paved, Value In Land

Story 1

Water Public

Others

Tax ID 31505204

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Special Listing Condition Trust

Listed by Eric Eide • RE/MAX MASTERS REALTY • 714-785-2557

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