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Key Details
Sold Price $3,280,000
Property Type Commercial
Sub Type MixedUse
Listing Status Sold
Purchase Type For Sale
Square Footage 4,158 sqft
Price per Sqft $788
MLS Listing ID NP21102503
Sold Date 06/28/21
HOA Y/N No
Year Built 1956
Lot Size 5,580 Sqft
Acres 0.1281
Lot Dimensions Appraiser
Property Description
Charming building on a rare double lot (60’ wide) in Cannery Village near the newly redeveloped Lido Marina Village, Lido House Hotel, beaches and bay. This existing commercial building includes eleven leased tenant spaces with long-term tenants. Rents are low with better cash flow potential than most other income opportunities on the Peninsula, including 2-4 unit apartment buildings. Additionally, site zoning is MU-CV/15th St which may permit other redevelopment uses such as new residential, mixed use residential and non-residential commercial uses. As an interior parcel, this site offers other benefits over corner lots in the Village should it be redeveloped. Properties of this type rarely come to market making this an amazing Cannery Village opportunity.
Location
State CA
County Orange
Area N8 - West Newport - Lido
Zoning MU-CV / 15th
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Fireplace No
Laundry None
Exterior
Fence None
Utilities Available ElectricityConnected, SewerConnected
Roof Type Flat,RolledHotMop
Total Parking Spaces 2
Building
Lot Description Level, RectangularLot, StreetLevel, ZeroLotLine
Story 1
Water Public
Others
Tax ID 04704222
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Financing Cash
Special Listing Condition Trust
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Bought with Tony Bartos • Pacific Sotheby's Int'l Realty
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