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$6,000,000
Est. payment /mo
7,200 SqFt
UPDATED:
09/17/2024 08:50 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 7,200 sqft
Price per Sqft $833
MLS Listing ID CROC24193269
HOA Y/N No
Year Built 1955
Lot Size 7,820 Sqft
Acres 0.18
Property Description
Exceptional Investment Opportunity in San Clemente! 101 Avenida Serra and 102 Avenida Cabrillo—two prime legal parcels in the heart of San Clemente’s vibrant downtown. This fully-leased gem offers a solid 10-year NNN lease with a popular canteen and a 6-year NNN lease with a popular hotel, ensuring stable and reliable income. With a robust estimated Net Operating Income of $288,000, this property not only boasts 10 dedicated parking stalls but also benefits from its strategic Mixed Use 3.1 (MU3.1) zoning, providing a range of future development possibilities. Seize this opportunity to invest in a thriving location with established, high-quality tenants. Perfectly positioned for continued growth and profitability—101 Avenida Serra and 102 Avenida Cabrillo represent a unique and valuable addition to any investment portfolio.
Location
State CA
County Orange
Area Listing
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 05807325
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Listed by DJ Yeilding • CENTURY 21 Affiliated
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