24401 Ridge Route DrLaguna Woods, CA 92653

Property Details for 24401 Ridge Route Dr

Lot size

2.66 AC

Property type

Other commercial real estate

Property subtype

Showrooms

APN

588-161-04

APU

58816104

Description

Lakehills Plaza, located at 24401 Ridge Route Drive in Laguna Woods, California (zip code 92653), presents a prime retail investment opportunity. This 21,388 square foot strip center sits on a 2.56-acre lot and offers ample parking with 134 spaces. Currently, there are two available retail spaces, ranging from 1,348 to 1,723 square feet, totaling 3,071 square feet of vacant space. The property boasts an outstanding tenant mix and enjoys a highly visible corner location at the intersection of Ridge Route and Moulton Parkway. Its strategic placement adjacent to the Department of Motor Vehicles ensures consistent high traffic volume. This well-maintained center provides an excellent opportunity for businesses seeking a thriving location in a desirable Laguna Woods community. The property's address is easily accessible and benefits from strong visibility due to its prominent corner location. The existing tenant mix contributes to a vibrant and successful shopping environment. This is an exceptional opportunity to establish or expand your business in a high-traffic area with significant potential for growth.

• CAP approach

  CAP return

  Valuation

  6%

  $36,947,924

  6.5%

  $34,105,776

  7%

  $31,669,650

• Comparable approach

  Method

  Valuation

  Relative Method

  $47,811,632

  Geo Method

  $102,774,336

• Alternative Use

  Use

  Valuation

  Residential

  $28,769,498

  Hospitality

  $26,352,706

  Educational

  $21,925,142

  Medical

  $22,679,182

  Retail

  $34,105,776

Location Insight

City

Laguna Hills

County

Orange

State

California

Latitude

33.6216

Longitude

-117.732

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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