The subject property is located approximately 1 mile to the 55 Freeway and across the street from 7 Eleven, KFC, Planet Fitness, Enterprise Rent a Car, etc. Four tenants occupy the property: “Unique Gifts” (1,000 SF), “Orange Cafe” (1,100 SF), “Enchanted Nail Salon” (1,100 SF), and “Wellness Spa & Massage”. The Unique Gifts tenant can sign a one-year lease at market rent. Tenants pay their own electricity directly.
Originally built in 1961, the building is constructed of wood-frame and stucco, offers a restroom(s) in each unit, maintains a 2:57 parking ratio (11 parking spaces) in addition to street parking on Mayfair Avenue, and is zoned C-1 for many retail, office, and medical office uses.
The property can be accessed by taking the 55 Freeway, exiting on Katella Avenue, heading west, and turning left on Tustin Street. Please contact the city of Orange planning department for future permitted uses. The seller does not want to finance the property.