$4,600,000

160 Olinda Place, Brea 92823

160,413

Lot Size

Listing Agent
Eric Eide - RE/MAX MASTERS REALTY

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.

Facts & Features

MLS® # CV23200708
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
Area 86 - Brea
City Brea
County Orange
Zip Code 92823

Amenities

Utilities Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Parking Spaces 150
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No
# of Stories 1

Exterior

Exterior Frame, Stucco
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
Days on Market 183
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentEric Eide
OfficeRE/MAX MASTERS REALTY

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?