$4,600,000
160 Olinda Place, Brea 92823
160,413
Lot Size
Listing Agent
Eric Eide - RE/MAX MASTERS REALTYPresenting 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.
Facts & Features
MLS® # | CV23200708 |
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Price | $4,600,000 |
Bathrooms | 0.00 |
Lot Size | 160,413 |
Year Built | 1966 |
Type | Commercial Sale |
Sub-Type | Retail |
Status | Active Under Contract |
Community Information
Address | 160 Olinda Place |
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Area | 86 - Brea |
City | Brea |
County | Orange |
Zip Code | 92823 |
Amenities
Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
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Parking Spaces | 150 |
Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
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Fireplace | No |
# of Stories | 1 |
Exterior
Exterior | Frame, Stucco |
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Lot Description | Gentle Sloping, Irregular Lot, Lot Over 40000 Sqft, Paved, Value In Land |
Roof | Spanish Tile |
Construction | Frame, Stucco |
Additional Information
Date Listed | November 1st, 2023 |
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Days on Market | 183 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Eric Eide |
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Office | RE/MAX MASTERS REALTY |