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2525 Grand AveSanta Ana, CA 92705

Prime Santa Ana redevelopment opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
113
This 3.8-acre, 39,124 square foot shopping center in Santa Ana, CA presents a compelling redevelopment opportunity. Currently operating as a multi-tenant retail center with 38% occupancy and a Net Operating Income (NOI) of $207,062, the property offers significant upside potential. Built in 1976, the single-story Class B property features in-line shops and two single-tenant pad buildings, all visible from Grand Avenue. The flexible tenancy, with most tenants on month-to-month leases, allows for near-term redevelopment. The property's C5 Arterial Commercial zoning, combined with the 2022 General Plan Update allowing for residential development under the Urban Neighborhood (UN-30) designation and the Harbor Mixed Use Transit Corridor Specific Plan (HMUTC), unlocks a multitude of potential uses, including retail, hotel, residential, or mixed-use developments. Its central Orange County location provides easy access to major attractions, including Chapman University, Outlets at Orange, Disneyland, Honda Center, Angel Stadium, John Wayne Airport, and South Coast Plaza, enhancing its desirability and potential value. This infill location offers a rare chance to capitalize on the strong demand for development in this highly desirable area. The existing income stream from the current tenants provides a stable foundation for future redevelopment plans. This property is an exceptional investment for those seeking a value-add opportunity with significant upside potential.

Highlights

  • Multi-building retail center with in-line shops and two single-tenant pad buildings, offering excellent Grand Avenue visibility.
  • High tenant turnover potential allows for near-term redevelopment opportunities.
  • Prime Orange County location, minutes from Chapman University, Outlets at Orange, Disneyland, Honda Center, Angel Stadium, John Wayne Airport, and South Coast Plaza.

Property Details for 2525 Grand Ave

Property type
Lifestyle centers, Power centers
Square Feet
39,124 SF
Class
B
Year Built
1976
Stories
1
Lot Size (sq. ft)
165,528 SF

Location Insight

City
Santa Ana
County
Orange
State
California
Latitude
33.7710933
Longitude
-117.8511696
2525 Grand Ave, Santa Ana, California

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2525 Grand Ave
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