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160 Olinda Place

Brea, CA 92823
  • $4,600,000
  • STATUS: Active Under Contract
  • ON SITE: 224 Days
  • ID#: CV23200708
Under Contract
UPDATED: 121 min ago
$4,600,000
  • 0
    BEDS
  • 3.68
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1966
County:
Area:

School Ratings & Info

Listing Agent(s): Eric Eide of RE/MAX MASTERS REALTY (909-364-8380)


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 faade, 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.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-13T10:38:48.62. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
www.steelecanyonrealty.com/homes/144918669
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160 Olinda Place Brea, CA 92823

  • Price: $4,600,000
  • Status: Active Under Contract
  • On Site: 224 Days
  • Updated: 121 min ago
  • ID#: CV23200708
0
Beds
0
Baths
0
½ Baths
3.68
Acres
1966
Built
Neighborhood:
86 - Brea
County:
Orange
Area:
86 - Brea
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 faade, 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.
Exterior Features

Construction Materials FrameStucco Entry Level 1 Fencing Chain Link Lot Features Gentle SlopingIrregular LotLot Over 40000 SqftPavedValue In Land Open Parking Spaces 150 Parking Total 150 Roof Spanish Tile Sign On Property YN Yes

Property Features

Additional Parcels YN No Business Type Food & BeverageMulti-TenantProfessional/OfficeProfessional ServicePaintsRestaurantRetail Common Interest None Current Financing None Electric Standard Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventionalContract1031 Exchange Number Of Units Leased 8 Property Sub Type Retail Security Features Carbon Monoxide Detector(s)Smoke Detector(s) Special Listing Conditions Trust Utilities Electricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-13T10:38:48.62. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
 
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Steele Canyon Realty
5923 Severin Drive
La Mesa CA, 91942
Listing Agent(s): Eric Eide of RE/MAX MASTERS REALTY (909-364-8380)