327 S Lemon Street

    Anaheim, CA 92805
    • $399,999
    • STATUS: Active
    • ON SITE: 294 days
    • ID#: DW19018609
    UPDATED: 31 min ago
    $399,999
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,191
      SQFT
    • $183
      $/SQFT
    Type:
    Commercial
    Built:
    1929
    County:

    School Ratings & Info

    Description

    Real estate property is being sold and not the business. Property is located in a historic area, per City of Anaheim's preservation dept, the mural painting must remain and be preserved. Current tenant operates property as a connivence market with beer, wine, smoke and lotto sales. Tenante has 4 years remaining on existing lease with an option for another 5 year lease term, possible tenant for 9 years. Cap rate is estimated at 4.5% factoring in new property tax and insurance expenses only, buyer to verify and approve all financials. Tenante pays all utilities and landscape maintnance. Property consists of a 2,191 square feet structure on a 6,074 square foot lot with 8 on-site parking spaces. Property is located directly across the street to a city park, attracting many consumers to the convenience store. Located in a high demand area, walking distance to Anaheim's Packing District and Farmers Market. Property is in need of upgrades and TLC, sold as is condition, no repairs or termite, priced accordingly. Great opportunity to redevelop this unique property into a "higher and better use" once lease expires and benefit from increase rents or for a business owner user.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T17:32:45.77. 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 Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
    www.naylorproperties.com/homes/91173845

    327 S Lemon Street Anaheim, CA 92805

    • Price: $399,999
    • Status: Active
    • Updated: 31 min ago
    • ID#: DW19018609
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    2,191
    SQFT
    $183
    $/SQFT
    1929
    Built
    Neighborhood:
    78 - Anaheim East of Harbor
    County:
    Orange
    Area:
    78 - Anaheim East of Harbor
    Property Description
    Real estate property is being sold and not the business. Property is located in a historic area, per City of Anaheim's preservation dept, the mural painting must remain and be preserved. Current tenant operates property as a connivence market with beer, wine, smoke and lotto sales. Tenante has 4 years remaining on existing lease with an option for another 5 year lease term, possible tenant for 9 years. Cap rate is estimated at 4.5% factoring in new property tax and insurance expenses only, buyer to verify and approve all financials. Tenante pays all utilities and landscape maintnance. Property consists of a 2,191 square feet structure on a 6,074 square foot lot with 8 on-site parking spaces. Property is located directly across the street to a city park, attracting many consumers to the convenience store. Located in a high demand area, walking distance to Anaheim's Packing District and Farmers Market. Property is in need of upgrades and TLC, sold as is condition, no repairs or termite, priced accordingly. Great opportunity to redevelop this unique property into a "higher and better use" once lease expires and benefit from increase rents or for a business owner user.
    Exterior Features

    Lot Features Corner Lot Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Condo Area Units Square Feet Laundry Features None

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 5.00 Country Us Effective Gross 23400 Expense Year 2018 Gross Scheduled Income 23400.00 Insurance Expense 1200.00 Land Lease YN No Land Use Retail Laundry YN No Leasable Area Units Square Feet Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 18767.00 Number Of Units Leased 1 Operating Expense 4633.00 Property Sub Type Retail Real Estate Tax Expense 3433.00 Retail Center Type Community/Specialty Special Listing Conditions Standard Tax Annual Amount 3433.00 Tax Rate 1.25 Tax Year 2019 Total Expenses 4633.00 Water Source Public

    Listing provided courtesy of Mike Medina of California Properties & Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-11-15T17:32:45.77. 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 Naylor Properties | RE/MAX Estate Properties. Licensed in the State of California, USA.
     
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