160 Olinda Place, Brea, CA 92823

$4,600,000
List Price
$4,600,000
Status
ACTIVE UNDER CONTRACT
MLS#
CV23200708
Year Built
1966
Lot Size
160,413
Acres
3.68
Lot Location
Gentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Paved, Value In Land
Days on Market
262
Property Type
Commercial
Property Sub Type
Retail

Property Description

Presenting a remarkable investment opportunity, this prime retail shopping center is now available for acquisition. Situated in a highly sought-after location, this property offers investors a strategic asset with a strong track record of performance and promising growth prospects. Strategically located in a high-traffic area with excellent visibility and accessibility, this shopping center is a cornerstone of the community and enjoys a consistent influx of potential customers. This shopping center boasts a total of +/-12,000 square feet on a spacious 3.68 acre lot. The center's diverse tenant mix includes a wide range of retail, dining, and service businesses. The shopping center offers ample parking with approximately 150 parking spaces, ensuring convenience for customers and tenants. The deferred maintenance presents an opportunity for the buyer to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the façade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Please note, expenses to follow.

Additional Information

Exterior Construction
Frame, Stucco
Roof
Spanish Tile
Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Eric Eide (jericeide@gmail.com) from Listing Office: RE/MAX MASTERS REALTY.

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.