MLS® ID: DW19018609

327 S Lemon Street

Anaheim, California, 92805

$399,999 Active Under Contract
  • - SQFT
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.
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Listing courtesy of California Properties & Realty

Amenities

  • Full baths
    0
  • Half baths
    0
  • Three-quarter Baths
    0
  • Total Baths
    0
  • Zip
    92805
  • Office name
    California Properties & Realty
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Retail
  • Year built
    1929
  • Lot size
    6534.00
  • Tax year
    2019
  • Agent name
    Mike Medina
  • Tax amount
    $ 3433.0
  • Purchase Type
    Active
  • Price Range
    $300k-$400k
  • Square Feet Range
    < 1000 sq ft.
  • Year Built Range
    1989 (and earlier)
  • Office ID
    YCFP
  • Agent ID
    YMEDIMIG

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