2800 Tustin AveSanta Ana, CA 92705

Property Details for 2800 Tustin Ave

Year built

1972

Lot size

1.02 AC

Property size (Sq ft)

2,000 SF

Property type

Retail properties

Property subtype

Retail space

APN

390-542-30

APU

39054230

Description

This exceptional Santa Ana retail property, located at 2800 N Tustin Ave, offers a significant investment opportunity. The 1.01-acre lot features two single-story buildings totaling approximately 3,900 square feet. The front building, roughly 3,000 square feet with a 500-square-foot mezzanine, was previously used for nursery sales and general office space. A second, 900-square-foot building in the rear was used for landscape sales. Both buildings were originally constructed in 1972, with updates and expansions in 1983 and 1988. The property boasts a total square footage of 44,087, currently vacant, and is zoned for residential use, presenting potential for redevelopment or repurposing. The site benefits from outstanding visibility on Tustin Avenue, a prominent street location with a traffic signal, and is adjacent to the Garden Grove (22) Freeway ramp. The surrounding area demonstrates strong demographics, with an average household income exceeding $136,000 and a population of over 25,000 within a one-mile radius. The property is situated across from established regional retailers such as 99 Cents Only and Harbor Freight Tools. This property is ideal for an owner-user or investor seeking a prime location with significant development potential. The asking price is $3,950,000.

• CAP approach

  CAP return

  Valuation

  6%

  $567,410

  6.5%

  $523,763

  7%

  $486,352

• Comparable approach

  Method

  Valuation

  Relative Method

  $633,811

  Geo Method

  $1,773,929

• Alternative Use

  Use

  Valuation

  Residential

  $441,814

  Hospitality

  $404,699

  Educational

  $336,705

  Medical

  $348,285

  Retail

  $523,763

Location Insight

City

Santa Ana

County

Orange

State

California

Latitude

33.7754

Longitude

-117.836

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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