1516 Main StSanta Ana, CA 92707

Property Details for 1516 Main St

Year built

1952

Lot size

0.21 AC

Property size (Sq ft)

5,150 SF

Property type

Retail properties

Property subtype

Retail space

APN

013-184-09

APU

1318409

Description

This exceptional 5,121 square foot retail building in Santa Ana, California, presents a compelling owner-user investment opportunity. Located at 1516 S Main St, 92707, this freestanding structure, built in 1952, boasts high visibility and convenient access for customers. The open floor plan includes office space, making it suitable for a variety of retail ventures. Its prime location offers easy access to the 55 Freeway and proximity to downtown Santa Ana, ensuring high traffic and visibility. The property features ample signage opportunities and benefits from a recently installed new roof. The asking price is $1,378,000, translating to a land value of $269.09 per square foot. This versatile space is perfect as a primary or secondary business location, and owner financing is available. Multiple services are nearby, enhancing the convenience and appeal of this exceptional retail property. Don't miss this chance to secure a thriving retail presence in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $2,082,257

  6.5%

  $1,922,083

  7%

  $1,784,792

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,567,866

  Geo Method

  $4,567,866

• Alternative Use

  Use

  Valuation

  Residential

  $1,621,349

  Hospitality

  $1,485,147

  Educational

  $1,235,625

  Medical

  $1,278,120

  Retail

  $1,922,083

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7265

Longitude

-117.868

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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