For Sale
$21,739,185

2020 1St StSanta Ana, CA 92705

Prime 111,483 SF Office, Redevelopment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional redevelopment opportunity presents a 111,483-square-foot, Class A, vacant office building situated on a 3.72-acre lot in Santa Ana, California. Built in 1985 and renovated in 2020, this multi-tenant property is ideally positioned within the recently updated Metro East Mixed-Use (MEMU) Overlay zone, allowing for both for-sale and multi-housing development. The property's zoning permits Live/Work units (with a minimum of three stories and "Shopkeeper Units" facing First Street) and Multiple-Family Residential development with no height or density restrictions. This presents a unique chance to capitalize on the significant residential development already underway in the surrounding area. The property's location within the Active Urban District of the MEMU Overlay offers substantial advantages. Its proximity to Santa Ana's historic core, undergoing significant gentrification, provides access to numerous amenities including the Artists Village, Historic East End, and various educational, cultural, and entertainment venues. Furthermore, the property benefits from excellent multimodal transportation access, being minutes away from the Santa Ana Regional Transportation Center (SARTC), Disneyland, Main Place Mall, and the Bowers Museum. The OC Streetcar further enhances connectivity. The location within the Tustin Unified School District is another key advantage. The property's asking price is $21,739,185, translating to $195 per square foot. With a population of nearly 2 million people within a 10-mile radius and an annual household spending exceeding $54.3 billion, this presents a compelling investment opportunity in a thriving market. The property's address is 2020 E 1st St, Santa Ana, CA 92705.

Highlights

  • 111,483 SF Class A vacant office building on a 3.72-acre lot in Santa Ana, CA. $21,739,185 asking price ($195/SF).
  • Located in the Metro East Mixed-Use (MEMU) Overlay zone, allowing for multi-family and for-sale residential development, including Live/Work units.
  • Excellent multimodal transportation access near the Santa Ana Regional Transportation Center (SARTC), Disneyland, Main Place Mall, and the Bowers Museum. Served by the OC Streetcar.
  • Strong demographics: Nearly 2 million people within a 10-mile radius with over $54.3 billion in annual household spending. Located in the Tustin Unified School District.

Property Details for 2020 1St St

Property type
Office properties
Square Feet
111,483 SF
Class
A
Year Built/Renovated
1985/2020
Buildings
1
Stories
5
Lot Size (sq. ft)
162,043 SF

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.7449723
Longitude
-117.837654
2020 1St St, Santa Ana, California

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2020 1St St
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