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$3,500,000
Est. payment /mo
0.62 Acres Lot
UPDATED:
12/05/2024 03:28 AM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID NP24189530
HOA Y/N No
Year Built 1972
Lot Size 0.620 Acres
Property Description
Prime Commercial/Retail Property on 0.65 Acres – Excellent Development Potential
This well-positioned property, currently utilized for auto-related retail purposes, comprises three buildings totaling 3,993 square feet on a spacious 0.65-acre lot. Zoned C2 (General Commercial), it offers significant potential for continued commercial use, with future redevelopment possibilities on the horizon. The City of Costa Mesa is actively revising its housing element, and this site is part of the broader vision for residential redevelopment. Harbor Boulevard has been identified as a key corridor in these efforts, and the city council has expressed support for adding housing in this area, making this property a prime candidate for future mixed-use or residential development.
Additionally, the property boasts excellent accessibility with bidirectional ingress and egress from Charle Street and Harbor Boulevard, with no restrictions or center dividers impeding traffic flow—perfect for attracting customers and facilitating smooth operations. Take advantage of this rare opportunity to invest in a property with immediate commercial potential and significant upside for redevelopment in a rapidly evolving area.
This well-positioned property, currently utilized for auto-related retail purposes, comprises three buildings totaling 3,993 square feet on a spacious 0.65-acre lot. Zoned C2 (General Commercial), it offers significant potential for continued commercial use, with future redevelopment possibilities on the horizon. The City of Costa Mesa is actively revising its housing element, and this site is part of the broader vision for residential redevelopment. Harbor Boulevard has been identified as a key corridor in these efforts, and the city council has expressed support for adding housing in this area, making this property a prime candidate for future mixed-use or residential development.
Additionally, the property boasts excellent accessibility with bidirectional ingress and egress from Charle Street and Harbor Boulevard, with no restrictions or center dividers impeding traffic flow—perfect for attracting customers and facilitating smooth operations. Take advantage of this rare opportunity to invest in a property with immediate commercial potential and significant upside for redevelopment in a rapidly evolving area.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Building
Lot Description Value In Land
Story 1
Water Public
Others
Tax ID 42209111
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Special Listing Condition Standard
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Listed by Kacey Taormina • Compass • 714-323-3200
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Adrian Castillo
Principal/Realtor | CA DRE#01308935
Principal/Realtor CA DRE#01308935