160 Olinda PL Save Request In-Person Tour Request Virtual Tour
Brea,CA 92823
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID CV23200708
HOA Y/N No
Year Built 1966
Lot Size 3.683 Acres
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 façade, 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.
Location
State CA
County Orange
Area 86 - Brea
Interior
Fireplace No
Laundry None
Exterior
Fence Chain Link
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
Roof Type Spanish Tile
Total Parking Spaces 150
Building
Lot Description Gentle Sloping,Irregular Lot,Lot Over 40000 Sqft,Paved,Value In Land
Story 1
Water Public
Others
Tax ID 31505204
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
Listing Terms Cash,Cash to New Loan,Conventional,Contract,1031 Exchange
Special Listing Condition Trust