14252-14262 Newport Ave - Freestanding FOR SALE
Tustin, CA 92780 |
$3,400,000 USD
818-259-0476
14252-14262 Newport Ave
Tustin, CA 92780
HIGHLIGHTS
- The offering consists of one 1,912 SF single-tenant restaurant plus a 6,500 SF multi-tenant strip building.
- The property is conveniently situated near major freeways, including the I-5 and I-55, providing seamless connectivity to surrounding areas.
- he surrounding area boasts a diverse and affluent demographic, with a strong population density and high average household income.
- he property currently consists of short-term leases operating at below market rents and on modified gross leases.
- Positioned in a bustling commercial zone, the retail strip center benefits from significant foot traffic, attracting potential customers.
- The property offers an attractive opportunity for owner-users, allowing for restaurant and/or liquor store owners to own their location.
FOR SALE DETAILS
PRICE
$3,400,000 USD
PRICE/SF
$404 USD /SF
CAP RATE
4.21%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
ADD'L SUBTYPES
Convenience Store, Fast Food
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
32
LAND DETAILS
LAND ACRES
0.89 AC
LAND SF
38,768 SF
ZONING
-
APN/PARCEL ID
432-081-02
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818-259-0476
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818-259-0476
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