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.
PW24049722
Business Opportunities, 1 Story
Orange
1962
0.16
Acres
Public
1
Block,Stucco
720
Sq. Ft.
Electricity Connected,Natural Gas Connected,Sewer Connected
1 Total
Detailed Room Information
- Laundry
- None
Interior Features
- Heating
- Other. Radiant.
Exterior / Lot Features
- Parking
- 4 Parking Spaces. 0 Covered Parking Spaces.
- Exterior
- Stucco, Block
- Fence
- Block
- Additional Exterior/Lot Features
- 0-1 Unit/Acre,Level,Paved.
Financial Considerations
01424123
Cash, Conventional, Fannie Mae
Arrows indicate 90 day trend
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