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2117 N Orange Olive Rd 0.52 Acres of Residential Land Offered at $2,899,000 in Orange, CA 92865
INVESTMENT HIGHLIGHTS
- Excellent Development Opportunity
- Zoned commercial with potential for multifamily construction.
EXECUTIVE SUMMARY
DESCRIPTION
Excellent Development Opportunity in the City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only—please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers—this one won’t last!
Excellent Development Opportunity in the City of Orange Rare opportunity to develop a flat lot in the heart of Orange, zoned commercial with potential for multifamily construction. Per the seller, the City has indicated they are open to permitting a multi-unit residential project possibly 10 units or more. Buyer to verify all development possibilities with the City. Currently, the property includes a fully operational laundromat generating steady income. In addition, the rear portion of the lot is leased to a car lot, bringing in approximately $4,000/month. High-demand location and strong income make this a great investment with future upside. Drive by only—please do not disturb tenants. THIS IS ALSO ZONED FOR DRIVE THROUGH RESTAURANT RARE TO FIND IN THE CITY OF ORANGE. Submit all offers—this one won’t last!
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $2,899,000 | Lot Size | 0.52 AC |
| Price Per AC | $5,575,000.00 |
| Price | $2,899,000 |
| Price Per AC | $5,575,000.00 |
| Lot Size | 0.52 AC |
1 1
PROPERTY TAXES
| Parcel Number | 374-411-19 | Improvements Assessment | $213,524 |
| Land Assessment | $728,513 | Total Assessment | $942,037 |
PROPERTY TAXES
Parcel Number
374-411-19
Land Assessment
$728,513
Improvements Assessment
$213,524
Total Assessment
$942,037
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2117 N Orange Olive Rd
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