10471 Magnolia AveAnaheim, CA 92804

Property Details for 10471 Magnolia Ave

Year built

1970

Lot size

0.51 AC

Property size (Sq ft)

1,821 SF

Property type

Retail properties

Property subtype

Auto shops

APN

126-363-10

APU

12636310

Description

This exceptional commercial property in Anaheim, CA, presents a compelling investment opportunity. Located at the highly visible, four-way signalized intersection of Magnolia and Cerritos Avenues, this 22,216 square foot lot boasts approximately 130 feet of frontage on each street, ideal for monument signage. The existing 1,821 square foot building is perfect for owner-occupancy or redevelopment, with flexible Neighborhood Commercial (NC) zoning allowing for a variety of uses including retail, medical, or office space. This prime location benefits from exceptional visibility to over 36,164 cars daily. The property is situated in a densely populated area of Orange County, boasting a strong daytime workforce of over 257,164 within a 3-mile radius and a robust residential population of 284,558 with an average household income of $111,489. The surrounding retail market exhibits low vacancy rates (4.4%) within a three-mile radius, indicating strong market fundamentals. The asking price is $2,250,000. The property's APN is 126-363-10. This fee ownership allows for depreciation of building improvements, enhancing after-tax cash flow. Don't miss this chance to acquire a premier commercial property in a thriving Orange County location.

Location Insight

City

Anaheim

County

Orange

State

California

Latitude

33.8106

Longitude

-117.976

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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