1064 Tustin StOrange, CA 92867
- Retail properties
- 992 SF
Property Details for 1064 Tustin St
- Year built
- 1966
- Lot size
- 0.24 AC
- Property size (Sq ft)
- 992 SF
- Property type
- Retail properties
- Property subtype
- Retail space
- APN
- 375-415-20
- APU
- 37541520
Description
This exceptional 1,000 square foot QSR/fast-food property, situated on a 10,411 square foot lot, presents a lucrative owner-user investment opportunity. Located at 1064 N Tustin St, Orange, CA 92867, this vacant property boasts a highly visible corner location with substantial traffic counts, enhanced by a monumental sign and convenient access from both Tustin Street and Quincy Avenue. The property's previous use as the Altadena Dairy drive-thru business demonstrates its established viability and potential for continued success in the fast-food sector. However, the versatile nature of the property allows for a range of potential uses beyond its previous operation. The triple net (NNN) lease structure offers a straightforward ownership model. The property's strategic location across from the Orange Post Office on Tustin Avenue further underscores its prime commercial position within Orange County. This is a rare opportunity to acquire a well-positioned, high-traffic corner lot with significant potential for immediate return on investment and long-term growth. The asking price is $1,495,000.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $281,436
- 6.5%
- $259,787
- 7%
- $241,230
-
Comparable approach
- Method
- Valuation
- Relative Method
- $314,370
- Geo Method
- $790,613
-
Alternative Use
- Use
- Valuation
- Residential
- $219,140
- Hospitality
- $200,731
- Educational
- $167,006
- Medical
- $172,749
- Retail
- $259,787
Location Insight
- City
- Orange
- County
- Orange
- State
- California
- Latitude
- 33.8053
- Longitude
- -117.836
- 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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