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1315 N Main St 5,480 SF Retail Building Santa Ana, CA 92701 $2,599,000 ($474.27/SF)

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INVESTMENT HIGHLIGHTS

  • Creative Financing Opportunity
  • Many Owner Uses
  • High Traffic Street
  • Private Gated Parking

EXECUTIVE SUMMARY

Prime Investment or Owner-User Opportunity
Midtown Corridor | Santa Ana, CA
1315 N. Main St., Santa Ana (chatgpt://generic-entity?number=0) 92701
± 5,480 SF Building | ± 0.16 AC Lot
Offered for Sale or Lease | Asking Price: $2,499,000
Located in the heart of Santa Ana’s evolving Midtown Corridor, 1315 N. Main St. presents a compelling opportunity for investors, owner-users, or operators seeking flexibility in both acquisition and use. The property is situated within the Midtown Specific Plan (SP-3) zoning overlay, a forward-looking planning designation designed to promote adaptive reuse, mixed-use development, and walkable, community-oriented projects.
This offering is available for purchase or lease, with potential for creative financing structures subject to ownership approval. Additionally, there is a unique opportunity to assemble the adjoining parcel at 1316 N. Bush St., creating a larger, more versatile footprint well-suited for redevelopment, expansion, or long-term repositioning within the Midtown plan area.
Key Highlights
    •    Prominent frontage along North Main Street, with excellent visibility and accessibility near the Civic Center, Metrolink/Amtrak station, and major arterial corridors.
    •    SP-3 zoning flexibility allows for a broad range of uses beyond traditional retail or office, including medical and professional services, mixed-use concepts, and adaptive reuse of existing improvements.
    •    Strong surrounding demographics within 1-, 3-, and 5-mile radii support service-oriented tenants such as medical, dental, wellness, and professional users.
    •    Owner-user or investor optionality: occupy the building, lease it to a high-quality professional tenant, or reposition the asset to align with Midtown’s long-term vision.
    •    Assemblage potential: the ability to acquire or coordinate control of both 1315 N. Main St. and 1316 N. Bush St. enhances development scale, site access, parking strategy, and future value creation.
    •    Flexible deal structure: available for sale or lease, with ownership open to discussing creative financing or structured transactions for qualified buyers.
Strategic Use Case – Medical / Professional / Mixed-Use
The Midtown Specific Plan encourages development that supports community-serving uses and modern urban density. For medical, dental, wellness, or professional operators, this location offers:
    •    A central Midtown address with strong pedestrian, vehicular, and transit exposure.
    •    The ability to owner-occupy while benefiting from long-term appreciation in a revitalizing corridor—or to lease and hold as a stabilized professional asset.
    •    A zoning framework that supports medical clinics, dental offices, wellness concepts, professional campuses, or future mixed-use redevelopment, particularly when combined with the adjacent parcel.
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Building & Site Details
    •    Building Size: ± 5,480 SF
    •    Lot Size: ± 0.16 AC
    •    Zoning / Overlay: Midtown Specific Plan (SP-3)
    •    Offering: For Sale or Lease
    •    Asking Price: $2,499,000
Why This Opportunity, Why Now
Midtown Santa Ana continues to gain momentum through transit-oriented planning, public investment, and infill redevelopment. Properties within the SP-3 overlay—especially those offering assemblage potential and flexible deal structures—are increasingly scarce. This asset provides a near-term operational solution with long-term upside, whether through owner-user occupancy, stabilized leasing, or strategic redevelopment.
Next Steps
For additional information, including floor plans, parking configuration, tenant improvement considerations, assemblage details regarding 1316 N. Bush St., or coordination insights with the City of Santa Ana Planning Division on SP-3 permitted and conditional uses, please contact the listing brokers.
This is a rare opportunity to lease, acquire, or creatively structure a transaction in one of Santa Ana’s most promising urban corridors.

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL ANNUAL PER SF
Gross Rental Income $13,426 $2.45
Other Income - -
Vacancy Loss - -
Effective Gross Income $13,426 $2.45
Net Operating Income - -

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual $13,426
Annual Per SF $2.45
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $13,426
Annual Per SF $2.45
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,480 SF
Building Class
C
Year Built
1955
Price
$2,599,000
Price Per SF
$474.27
Tenancy
Single
Building Height
1 Story
Building FAR
0.78
Lot Size
0.16 AC
Zoning
SP3 - Midtown Specific Plan, please request additional information on plot plans and parking lot.
Frontage
88’ on N Main St

AMENITIES

  • Bus Line
  • Dedicated Turn Lane
  • Signage
Walk Score®
Walker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Chase
Bank of America
NORMS
Flame Broiler
Yoshinoya
Sizzler
Big Saver Foods
Gelson's
IHOP
Orange County's Credit Union

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 398-132-07
  • 398-132-03
Land Assessment
$162,869
Improvements Assessment
$28,712
Total Assessment
$191,581
  • Listing ID: 35388984

  • Date on Market: 4/6/2025

  • Last Updated:

  • Address: 1315 N Main St, Santa Ana, CA 92701

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