5871 Westminster BlvdWestminster, CA 92683
- Other commercial real estate
- 0.43 AC
Property Details for 5871 Westminster Blvd
- Lot size
- 0.43 AC
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- 203-292-36
- APU
- 20329236
Description
This exceptional opportunity presents the acquisition of a well-established hair and nail salon in Westminster, California. Located in a prime shopping center at 5871 Westminster Blvd, 92683, this 1,200 square foot business boasts a stellar reputation, evidenced by numerous 5-star reviews on Yelp and Google. Operating successfully for over two decades, the salon benefits from a loyal customer base and consistent revenue streams. The asking price is $75,000, representing a price per square foot of $62.50. The sale includes all equipment and fixtures, encompassing multiple hair and nail stations, pedicure spa chairs, a washer and dryer, a wall-mounted TV, and additional space for waxing, facials, and other beauty services. A new 5-year lease commencing July 1, 2023, under a NNN lease structure, provides long-term financial stability. The salon's strategic location, immediately off the 405 freeway at the Westminster Boulevard access point, ensures high visibility and accessibility within a densely populated residential area and thriving commercial corridor. This turnkey operation is ideal for an experienced salon owner seeking an established business or a new operator looking to enter the market. The business is situated in the Hanson Center.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $6,500,932
- 6.5%
- $6,000,860
- 7%
- $5,572,227
-
Comparable approach
- Method
- Valuation
- Relative Method
- $8,015,704
- Geo Method
- $9,114,797
-
Alternative Use
- Use
- Valuation
- Residential
- $5,061,950
- Hospitality
- $4,636,719
- Educational
- $3,857,696
- Medical
- $3,990,368
- Retail
- $6,000,860
Location Insight
- City
- Westminster
- County
- Orange
- State
- California
- Latitude
- 33.7593
- Longitude
- -118.026
- 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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