1610 S Standard Avenue Active Save Request In-Person Tour Request Virtual Tour
Santa Ana,CA 92707
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Active
Purchase Type For Sale
Square Footage 720 sqft
Price per Sqft $784
MLS Listing ID CRPW25151021
Year Built 1962
Lot Size 6,970 Sqft
Property Sub-Type Comm Ind For Sale
Property Description
Exceptional Investment Opportunity in Prime Santa Ana Location Discover a rare chance to own a proven income-producing commercial property in the vibrant heart of Santa Ana. This well-established 720 sq. ft. standalone building, situated on a generous lot, has proudly served the community as a popular Mexican restaurant for more than 20 years. With the original operator now retired, the space is secured by a new long-term tenant under a freshly signed 15-year lease, ensuring stability for years to come. This hands-off investment is made even more attractive by the tenant's responsibility for all utilities, creating a low-maintenance, high-efficiency ownership experience. Currently generating a strong annual gross income of $41,616, the property delivers an impressive 5.9% capitalization rate-a valuable return in a high-demand market. The spacious lot provides additional upside, offering potential future development or expansion opportunities for forward-thinking investors. Flexibility is a key advantage: the property can be purchased with the new tenant in place, or without the tenant should a buyer wish to acquire and operate the existing business. Offered strictly as-is, this commercial gem represents a rare blend of history, stability, and future potential-perfect for investor
Location
State CA
County Orange
Interior
Heating Radiant
Exterior
Utilities Available Electricity Connected,Natural Gas Connected
Building
New Construction No
Others
Virtual Tour https://youtube.com/shorts/LLFiwfMDkBk?si=CfU8TKBlfbO1qFLs