This exceptional 4,000 square foot retail property, situated on a 0.3-acre lot (13,260 square feet), presents a compelling investment opportunity in Westminster, CA. Currently 100% occupied by short-term tenants, this property generates immediate income while offering significant long-term potential. The strategic corner location at Westminster Boulevard and Cedar Street, with convenient alley access, provides excellent visibility and accessibility. The property's zoning allows for exciting redevelopment possibilities. The city's proposed mixed-use zoning designation (buyer to verify with the city) opens doors for a variety of projects, potentially mirroring the successful Westminster Crossing development directly across the street. This presents a unique chance to either renovate the existing structure into a medical office building or undertake a larger-scale redevelopment project. The existing tenants provide a stable income stream while the entitlement process is underway. The property includes three Assessor's Parcel Numbers: 096-084-10, 096-084-11, and 096-084-12. This prime location and flexible zoning make this a truly remarkable investment opportunity with substantial upside potential. Don't miss this chance to acquire a high-yield property in a thriving area.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$224,810
Hospitality
$205,925
Educational
$171,327
Medical
$177,220
Retail
$266,509
Location Insight
City
Westminster
County
Orange
State
California
Latitude
33.7594
Longitude
-118.004
CBSA code
31080
CBSA name
LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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