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2117 Orange Olive Rd
Orange, CA 92865 Orange

$2,899,000 USD

Freestanding For Sale  •  2,955 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 2,955 SF
  • Lot Size 0.52 AC
  • Building Class C
  • Year Built 1955
  • Cap Rate 3.73 %
  • Tenancy Single
37 Transit Score
66 Walk Score

Description 

DESCRIPTION	
Excellent Development Opportunity in the City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only—please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers—this one won’t last!
Cap Rate: 3.73 %

Major Tenants

Tenant SF Occupied Lease End Date
Lighthouse Laundromat

Amenities

  • Pylon Sign
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
6 min - 2.7 mi
Orange (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.8 mi
AirportDriveWalkDistance
John Wayne/Orange County 17 min - 12.5 mi
Long Beach (Daugherty Field) 30 min - 23.7 mi
Ontario International 41 min - 32.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Yolla Zogheib 909-261-0624 CENTURY 21 Masters
Yolla Zogheib 909-261-0624 CENTURY 21 Masters