1600-1612 E Mayfair Ave - Storefront FOR SALE


Orange, CA 92867
$1,498,000 USD
714-765-2995
1600-1612 E Mayfair Ave, Orange, CA for Sale
$1,498,000 USD
Storefront - FOR SALE
1/8
null | 2.52% Cap Rate

Mar '25


1600-1612 E Mayfair Ave
Orange, CA 92867


HIGHLIGHTS

  • Great Opportunity for an Owner/User/Investor to Occupy approximately 1,000 Square Feet in the “Unique Gifts” Unit, Buyer to Verify Square Footages
  • Three Properties from the Signalized Intersection of Tustin Street & Mayfair Avenue - Traffic Counts are Fantastic at 32,878 Per Day
  • Extra Street Parking Available on Mayfair Avenue - Lease Option Periods to be at “Market Rate” Upon Expiration
  • Zoned C-1 (Limited Business) Allows for Numerous Medical, Retail, and General Commercial Uses Ideal for Owner/User
  • Buyer to Verify Future Uses of the Property with City of Orange
  • Located Approximately 1 Mile from the 55 Freeway by Entering/Exiting Katella Avenue - Located Near Numerous National Retail Tenants

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,498,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

2.52%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Mayfair Retail Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront Retail/Office, Medical, Office Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,254 SF

ZONING

C-1 Limited Business

APN/PARCEL ID

386-303-03

ASK ABOUT THIS PROPERTY

Brett CervantesPaul Kott Realtors, Inc.More Info
714-765-2995

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Brett CervantesPaul Kott Realtors, Inc.More Info
714-765-2995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.