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Listed by Yolla Zogheib • Century 21 Masters
$ 2,899,000
Est. payment /mo
Active
2117 North Orange Olive Road Orange, CA 92865
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR-25101890
Year Built 1955
Property Sub-Type Business
Property Description
Excellent Development Opportunity - City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project--possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only--please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers--this one won't last!
Location
State CA
County Orange
Area 72 - Orange/Garden Grove, E Harbor, N 22 Fwy
Interior
Laundry Inside
Building
Lot Description Level, Lot 20000-39999 Sqft