1610 S Standard Avenue, Santa Ana, CA 92707
sale
$565,000
|
Other
Courtesy Of Lifetime Realty, Inc.
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 investors seeking dependable returns or owner-users looking to secure a premium location in the thriving Santa Ana marketplace.
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 investors seeking dependable returns or owner-users looking to secure a premium location in the thriving Santa Ana marketplace.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- MLSID: PW25151021
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