2220 Lincoln AveAnaheim, CA 92804

Property Details for 2220 Lincoln Ave

Year built

1963

Lot size

0.28 AC

Property size (Sq ft)

5,127 SF

Property type

Retail space

APN

127-071-16

APU

12707116

Description

This exceptional 5,400 square foot storefront, situated on a 12,009 square foot lot in Anaheim, CA (92804), presents a lucrative owner-use or investment opportunity. Boasting a prime location near the intersection of major freeways (I-5 and 91) and surrounded by high-traffic businesses like Big Wave Car Wash and Little Caesars, this property enjoys exceptional visibility and accessibility. The building features a flexible open floor plan, recently remodeled with new flooring, window blinds, and a state-of-the-art HVAC system. Improvements also include two restrooms, a storage room, three open office areas, a private office, and a warehouse, all enhanced by a secure front gate. Ample parking is provided with twelve spaces – six gated in the front, two on the side, and four in the rear. Three entry/exit points offer convenient access. The property has undergone a termite inspection and clearance in March 2023. Currently operating as a window blinds store, the property offers a strong, stable cash flow, with a pro forma cap rate of 3% and an NOI of $113,400. The pro forma rental rate is $13,500 per month, aligning with the market rate of $2.50 per square foot. The current owner is open to remaining as a tenant post-sale. This property is ideally situated in a high-growth area, ranked highly for diverse convergence, urban villages, new residents, and family expansion. Asking price: $3,586,800 ($700 per square foot).

• CAP approach

  CAP return

  Valuation

  6%

  $1,419,540

  6.5%

  $1,310,340

  7%

  $1,216,750

• Comparable approach

  Method

  Valuation

  Relative Method

  $875,031

  Geo Method

  $1,035,440

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,515,960

  Mixed-Use / Specialty

  $1,321,570

  Hospitality / Lodging

  $990,284

  Office

  $1,330,270

  Institutional / Educational

  $1,379,580

  Residential Income

  $1,614,100

  Multifamily

  $1,847,750

  Automotive / Energy

  $1,182,490

  Parking / Income-Based Land

  $392,361

  Restaurant / Food Service

  $721,278

  Healthcare / Senior Housing

  $1,338,940

Location Insight

City

Anaheim

County

Orange

State

California

Latitude

33.8322

Longitude

-117.96

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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