3553 Camino Mira CostaSan Clemente, CA 92672
- Other commercial real estate
- 8,261 SF
Property Details for 3553 Camino Mira Costa
- Year built
- 1979
- Lot size
- 0.54 AC
- Property size (Sq ft)
- 8,261 SF
- Property type
- Other commercial real estate
- APN
- 691-096-02
- APU
- 69109602
Description
This exceptional two-story office building, totaling 8,400 square feet, presents a compelling investment opportunity in San Clemente, California. Situated on a 0.54-acre lot at 3553 Camino Mira Costa (APN 691-096-02), this Class C property boasts a prime location in a vibrant commercial area, close to major highways (including the 5 Freeway and Pacific Coast Highway), and numerous retail establishments such as Home Goods, Nordstrom Rack, and Sprouts. Built in 1979, the building currently has seven units with 68% occupancy, generating a Net Operating Income (NOI) of $93,099 and a 3.51% cap rate. The asking price is $2,650,000, representing a competitive price per square foot. The property's flexible leasing structure, with many tenants having less than a year remaining on their leases, offers significant upside potential for rental increases. Furthermore, the property is zoned Commercial-General, allowing for a variety of uses, and is suitable for owner-users seeking to benefit from a 10% down payment SBA financing program. This fee-simple ownership opportunity combines a strategic location with strong potential for future growth in a thriving coastal market. The property's high visibility and ample parking further enhance its appeal.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $1,982,060
- Hospitality
- $1,815,557
- Educational
- $1,510,522
- Medical
- $1,562,471
- Retail
- $2,349,700
Location Insight
- City
- San Clemente
- County
- Orange
- State
- California
- Latitude
- 33.4556
- Longitude
- -117.657
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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