516 State College BlvdAnaheim, CA 92806
- Retail space
- 4,400 SF
Property Details for 516 State College Blvd
- Year built
- 1963
- Lot size
- 0.32 AC
- Property size (Sq ft)
- 4,400 SF
- Property type
- Retail space
- APN
- 083-013-48
- APU
- 8301348
Description
This exceptional mixed-use property, located at 516 S State College Blvd, Anaheim, CA 92806, presents a compelling investment opportunity. The 22,866 square foot vacant lot boasts 115 feet of frontage on State College Boulevard, ensuring maximum visibility and accessibility within a thriving commercial area. Situated near Anaheim's Platinum Triangle, the property benefits from the area's vibrant atmosphere, offering abundant nearby entertainment, dining, and shopping options. The asking price is $2,990,000, representing a price per square foot of $130.76 and a 4.00% cap rate. The property's strategic location and significant street frontage make it ideal for a variety of development projects, ranging from commercial ventures to mixed-use residential developments. This is a rare chance to acquire a substantial, vacant lot in a high-demand area with significant potential for future growth and return on investment. The property is currently vacant, offering immediate development possibilities. Its proximity to the Platinum Triangle ensures high traffic volume and visibility, making it an attractive location for a wide range of businesses and residential projects. This is a unique opportunity to capitalize on the dynamic growth of Anaheim, California.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,218,250
- 6.5%
- $1,124,540
- 7%
- $1,044,210
-
Comparable approach
- Method
- Valuation
- Relative Method
- $750,953
- Geo Method
- $888,613
-
Alternative Use
- Use
- Valuation
- Industrial / Distribution
- $2,159,200
- Mixed-Use / Specialty
- $1,134,170
- Hospitality / Lodging
- $849,863
- Office
- $1,141,640
- Institutional / Educational
- $1,183,950
- Residential Income
- $1,385,230
- Multifamily
- $1,585,740
- Automotive / Energy
- $1,014,820
- Parking / Income-Based Land
- $336,725
- Restaurant / Food Service
- $619,002
- Healthcare / Senior Housing
- $1,149,080
Location Insight
- City
- Anaheim
- County
- Orange
- State
- California
- Latitude
- 33.8463
- Longitude
- -117.889
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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