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    515 S Broadway

    Santa Ana, CA 92701
    • $500,000
    • STATUS: Active
    • ON SITE: 34 days
    • ID#: PW20105917
    UPDATED: 168 min ago
    $500,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 1,665
      SQFT
    • $300
      $/SQFT
    Type:
    Commercial
    Built:
    1966
    County:

    School Ratings & Info

    Description

    We are pleased to present The Broadway Building; a two-unit 1665 sf commercial office building with a large yard sitting on a 6,328 sf lot, located within a few blocks of the vibrant downtown Santa Ana restaurant district.. The subject property has two addresses, 515 & 517 Broadway, Santa Ana, and is ideally located in the Specific Development Zone (SD-40) allowing for the following multiple uses: SFR, Duplex R-2, professional office - the possibilities are endless. The subject offering is currently vacant allowing the flexibility for an owner-user to occupy or an investor buyer to lease out at market rates. Currently, the subject property is set up as two, approximately 832 sf offices with: two electric meters, two gas meters, one water meter and a very large concrete parking lot behind the structure. This property set up would be ideal for a contractor user with numerous company vehicles and/or equipment. Easily obtain an SBA loan for an owner user and obtain 6 months free principal & interest if funded by 9/27/20, or a conventional loan for an investor. With market lease rates around $2/ft for a office/warehouse with large concrete yard for multiple vehicles, the current offering could offer a 6 cap rate upon lease up at asking price.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-07T00:29:04.3. 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 deemed reliable but is not guaranteed accurate by the MLS or My Home Group. Licensed in the State of California, USA.

    www.theorangecountyhomesearch.com/homes/106475621
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    515 S Broadway Santa Ana, CA 92701

    • Price: $500,000
    • Status: Active
    • Updated: 168 min ago
    • ID#: PW20105917
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    1,665
    SQFT
    $300
    $/SQFT
    1966
    Built
    Neighborhood:
    70 - Santa Ana North of First
    County:
    Orange
    Area:
    70 - Santa Ana North of First
    Property Description
    We are pleased to present The Broadway Building; a two-unit 1665 sf commercial office building with a large yard sitting on a 6,328 sf lot, located within a few blocks of the vibrant downtown Santa Ana restaurant district.. The subject property has two addresses, 515 & 517 Broadway, Santa Ana, and is ideally located in the Specific Development Zone (SD-40) allowing for the following multiple uses: SFR, Duplex R-2, professional office - the possibilities are endless. The subject offering is currently vacant allowing the flexibility for an owner-user to occupy or an investor buyer to lease out at market rates. Currently, the subject property is set up as two, approximately 832 sf offices with: two electric meters, two gas meters, one water meter and a very large concrete parking lot behind the structure. This property set up would be ideal for a contractor user with numerous company vehicles and/or equipment. Easily obtain an SBA loan for an owner user and obtain 6 months free principal & interest if funded by 9/27/20, or a conventional loan for an investor. With market lease rates around $2/ft for a office/warehouse with large concrete yard for multiple vehicles, the current offering could offer a 6 cap rate upon lease up at asking price.
    Exterior Features

    Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Building Status Existing Country Us Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Property Sub Type Business Special Listing Conditions Standard Water Source Public

    Listing provided courtesy of Ed Diaz of Vanguard Property Group


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-07-07T00:29:04.3. 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 deemed reliable but is not guaranteed accurate by the MLS or My Home Group. Licensed in the State of California, USA.

     
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    My Home Group
    200 Sandpointe Ave, STE 650
    Santa Ana CA, 92707