Retail/Residential Redevelopment Near Disney 1459-1475 S Anaheim Blvd

*Seller Financing Available* Paul Kott Realtors, Inc. – Commercial Division is pleased to present a premier redevelopment opportunity located close to Disneyland, Disney Resort District, Anaheim Convention Center, numerous hotels, restaurants/night life, attractions, and the 5 Freeway. The aggregate total square footage of the two buildings is approximately 3,851 with the lot size 37,026-square feet. This offering represents an excellent opportunity for a retail, medical, developer, owner/user/investor to purchase a highly visible property situated at the four-way signalized intersection of Anaheim Boulevard and Cerritos Avenue.
The property is located across from the Anaheim Marketplace, Bravo Night Club, and surrounded by newly developed luxury condos to the south, brand-new luxury apartment buildings to the north, and very short distance to The Viv Hotel and 5 Freeway (0.2 miles). The seller has received offers over the past few years from national retailers to lease the site, however, they wanted to continue operating the liquor store business, leasing the property to the existing tenants, and collecting parking fees from the sports arena located across the street.
Two tenants occupy the premises which include Stadium Liquor, George’s Best Burgers (vacant), and a recycling company which occupies 250 square feet of land located behind the liquor store. The longest lease on the premises expires in roughly 3 years (potentially shorter), sufficient time for a developer to plan for redevelopment of the property. Please contact Brett Cervantes for an Offering Memorandum/rent roll.
Originally built in 1930, the buildings are constructed of wood frame and stucco, offers restrooms in each building, and is zoned “T” (Transitional), which allows for many uses including medical office, retail, general commercial, multi-family/residential, etc. Please contact city of Anaheim Planning Department for permitted uses. The traffic counts are approximately 29,507 vehicles per day (2018). By freeway, the property can be accessed by taking the 5 Freeway exiting on Ball Road or Katella Avenue.
SELLER FINANCING: Seller can financing the property under the specified terms: $700K down payment, 6.50% interest rate, principal and interest, amortized over 30 years, all due and payable 7 or 10 years from the close of escrow.