7151 Westminster BlvdWestminster, CA 92683
- Land
- 909 SF
Property Details for 7151 Westminster Blvd
- Year built
- 1924
- Lot size
- 0.09 AC
- Property size (Sq ft)
- 909 SF
- Property type
- Land
- Property subtype
- Commercial land
- APN
- 096-084-10
- APU
- 9608410
Description
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
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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