Remarks

We are delighted to introduce this high-traffic commercial property located in the central area of Santa Ana, spanning 720 square feet. This property has served as the premises for El Picante Mexican Food Restaurant for over 20 years. Tenant ran a successful business here and intend to stay longer. The lease will expire June 2025 with 10 years options. The capitalization rate stands at 5.9%, generating an annual gross income of $40,404. The property is offered for sale in its current condition, "as-is."

Details

MLS#: PW24097784
Price: $599,999

Style: Commercial/Residential
Bedrooms: 1
Baths Full: 1
Three Quarter Baths: 0
Baths Half: 0
Quarter Baths: 0
Sq Ft: 720.00
Year Built: 1962

County: Orange
Subdivision: Other (OTHR)

School District: Santa Ana Unified