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Investment or Owner User Opportunity 1423-1425 N Main St

3,630 SF Vacant Retail Building Santa Ana, CA 92701 £1,240,183 (£342/SF) 6.19% Net Initial Yield

Investment Highlights

  • BACK ON THE MARKET!!! PRICE REDUCED!!!
  • Prime Downtown Main St Location
  • Over 322,000 residents within 3 miles
  • Excellent Owner/User Opportunity
  • Tenants Month-to-Month
  • Walk Score: 91

Executive Summary

NAI Capital Commercial, as exclusive advisors to ownership, is proud to present a value-add multi-tenant retail opportunity located in the French Court neighborhood of downtown Santa Ana. 1423-1425 North Main Street is located on the hard corner of Main Street and 14th Street, w/ over 29,000 CPD.
Santa Ana is truly one of the last exceptional investment opportunities in Orange County, California, a coveted destination celebrated for its world renowned attractions including Disneyland, Knott's Berry Farm, and the prestigious South Coast Plaza. Positioned at the heart of a thriving economy, the subject property benefits from the billions of dollars infused into the local economy by both tourists and residents, catalyzing substantial job growth, progressive development, and elevated tax revenues. Santa Ana has emerged as one
of the County's fastest growing central job nodes, attracting many diverse, high-paying job sectors. This strategic location fosters a thriving local demographic with a median annual household income exceeding $91,000 within a 1-mile radius. Seize the chance to invest in the future, the prosperity and the dynamism of Orange County. Elevate your commercial venture in a locale where economic vibrancy meets unparalleled opportunity.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,630 SF
Building Class
B
Year Built
1961
Price
£1,240,183
Price Per SF
£342
Net Initial Yield
6.19%
NOI
£76,711
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Building FAR
0.56
Land Acres
0.15 AC
Zoning
SP3 - Midtown Specific Plan
Parking
12 Spaces (3.31 Spaces per 1,000 SF Leased)
Frontage
54 ft on N Main St

Amenities

  • Bus Route
  • Dedicated Turn Lane
  • Signage

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • 1423
  • 1,840 SF
  • Retail
  • -
  • Now
  • 1425
  • 1,790 SF
  • Retail
  • -
  • Now
Space Size Space Use Position Available
1423 1,840 SF Retail - Now
1425 1,790 SF Retail - Now

1423

Size
1,840 SF
Space Use
Retail
Position
-
Available
Now

1425

Size
1,790 SF
Space Use
Retail
Position
-
Available
Now
Walk Score ®
Walker's Paradise (91)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Chase
Bank of America
NORMS
Flame Broiler
Yoshinoya
Sizzler
Big Saver Foods
Orange County's Credit Union
IHOP
Starbucks

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
398-131-01
Land Assessment
£684,578
Improvements Assessment
£256,716
Total Assessment
£941,294
  • Listing ID: 26326412

  • Date on Market: 04/08/2022

  • Last Updated:

  • Address: 1423-1425 N Main St, Santa Ana, CA 92701

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