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Listed by Eric Eide • RE/MAX MASTERS REALTY
$ 4,600,000
Est. payment /mo
Active Under Contract
160 Olinda Place Brea, CA 92823
UPDATED:
09/09/2024 04:48 AM
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV-23200708
Year Built 1966
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 facade, 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
Interior
Laundry None
Exterior
Utilities Available Sewer Connected, Electricity Connected, Natural Gas Connected
Building
Lot Description Value In Land, Gentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Paved
Nicole Van Parys & Gary Nesen
License Partners, Private Office Advisors | License ID: 01108944