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15041-15121 Newport Ave 0.79 Acres of Commercial Land Offered at $3,890,000 in Tustin, CA 92780

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INVESTMENT HIGHLIGHTS

  • Located adjacent to the 55 freeway
  • Commercial zoning allows for variety of commercial uses (no drive thru)
  • Excellent exposure and access
  • Prominent fwy monument signage available
  • Flat, developable parcel

EXECUTIVE SUMMARY

+$3,890,000 or $350,000 Annual GL
+Development or Owner / User
+± 34,589 SF Land
+Ideally situated between Marriot Brands: -Residence and Fairfield Inn
+Freeway Signage!
+Signal at Entrance!

PROPERTY FACTS

Price $3,890,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.79 AC
Zoning SP 11 - Specific Plan

1 LOT AVAILABLE

Lot

Price $3,890,000
Price Per AC $4,898,911.16
Lot Size 0.79 AC

This flat, developable parcel offers flexibility for custom build-to-suit opportunities. Situated adjacent to the 55 Freeway, the property guarantees exceptional visibility with freeway monument signage and a signalized entrance.

DESCRIPTION

This flat, developable parcel offers flexibility for custom build-to-suit opportunities under a ground lease arrangement, providing long-term stability and control for tenants. This property is an exceptional platform for businesses seeking visibility, accessibility, and synergy in a thriving Orange County corridor. The site’s immediate surroundings feature national brands such as Starbucks, FedEx, and Kinkos, alongside Marriott’s Residence Inn and Fairfield Inn, fostering a vibrant environment that attracts both local and transient customers. Traffic counts exceed 26,000 CPD on Newport Avenue and 255,000 on the 55 Freeway, ensuring a steady stream of exposure. Demographics underscore the location’s strength, with an affluent population averaging $103,000 in household income and a daytime workforce of nearly 189,000 within a three-mile radius.

  • Listing ID: 27131027

  • Date on Market: 11/16/2022

  • Last Updated:

  • Address: 15041-15121 Newport Ave, Tustin, CA 92780

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