3502 1St StSanta Ana, CA 92703

Property Details for 3502 1St St

Year built

1969

Lot size

0.70 AC

Property size (Sq ft)

2,540 SF

Property type

Drive through restaurants

APN

144-321-52

APU

14432152

Description

This exceptional 2,450 square foot restaurant property in Santa Ana, California, presents a unique investment opportunity. Located at 3502 W 1st St, 92703, within the vibrant Little Saigon business district, this single-tenant retail space is fully built-out and ready for immediate occupancy. The property boasts a substantial private lot providing ample parking for patrons. Its strategic location offers high visibility and accessibility, benefiting from significant foot and vehicle traffic. The restaurant's potential for drive-thru service further enhances its operational efficiency and revenue potential. This prime location is adjacent to other thriving retail establishments and a planned mixed-use development comprising a nine-story building with 181 luxury condo units. This proximity to a new luxury residential complex ensures a consistent flow of potential customers. The property's existing build-out minimizes upfront costs, allowing for a swift and efficient transition for new operators. This turnkey solution in a high-demand area makes it an ideal investment for experienced restaurateurs seeking a well-established location or entrepreneurs looking to establish a new culinary venture in a thriving community. The property is situated in Orange County, California.

• CAP approach

  CAP return

  Valuation

  6%

  $959,945

  6.5%

  $886,103

  7%

  $822,810

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,204,985

  Geo Method

  $1,204,985

• Alternative Use

  Use

  Valuation

  Residential

  $747,461

  Hospitality

  $684,671

  Educational

  $569,638

  Medical

  $589,229

  Retail

  $886,103

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7448

Longitude

-117.916

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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