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3237 E Chapman Ave 1,800 SF Retail Building Orange, CA 92869 $3,017,000 ($1,676.11/SF)
INVESTMENT HIGHLIGHTS
- Significant Repositioning Potential
- High-Traffic, Easily Accessible Location
- Rare Double Drive-Thru Configuration
EXECUTIVE SUMMARY
* Best of All Worlds Investment – Few investment properties come to market in Orange County, let alone assets in the highly coveted City of Orange with reposition-redevelopment potential for investor, developer, and owner-user buyers
* Significant Repositioning Potential – With the ±0.50-acre site, ±1,800 SF building, and C-1 zoning, the property has the potential to be repositioned or redeveloped into a variety of commercial uses
* Rare Double Drive-Thru Configuration – 3237 E Chapman features two drive-thrus in its current configuration, enhancing the property’s flexibility and future leasing prospects
* High-Traffic, Easily Accessible Location – 3237 E Chapman sits at the corner of E Chapman Ave (±56,600 CPD) and Prospect St (±21,600 CPD), under 1 mile away from the 55 Freeway (±286,500 CPD), making the property easily accessible to local and regional customers
* Neighboring Grocery Anchored Center – Directly across Prospect St, Saddleback Plaza consists of Stater Bros. Markets, 24 Hour Fitness, In-N-Out Burger, Wells Fargo Bank and Valero providing an excellent cross shopping experience
* Significant Repositioning Potential – With the ±0.50-acre site, ±1,800 SF building, and C-1 zoning, the property has the potential to be repositioned or redeveloped into a variety of commercial uses
* Rare Double Drive-Thru Configuration – 3237 E Chapman features two drive-thrus in its current configuration, enhancing the property’s flexibility and future leasing prospects
* High-Traffic, Easily Accessible Location – 3237 E Chapman sits at the corner of E Chapman Ave (±56,600 CPD) and Prospect St (±21,600 CPD), under 1 mile away from the 55 Freeway (±286,500 CPD), making the property easily accessible to local and regional customers
* Neighboring Grocery Anchored Center – Directly across Prospect St, Saddleback Plaza consists of Stater Bros. Markets, 24 Hour Fitness, In-N-Out Burger, Wells Fargo Bank and Valero providing an excellent cross shopping experience
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
1,800 SF
Building Class
B
Year Built
1962
Price
$3,017,000
Price Per SF
$1,676.11
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.50 AC
Zoning
C-1 - Limited Business
AMENITIES
- Corner Lot
- Signalized Intersection
- Drive Thru
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 383-093-11 | Improvements Assessment | $284,378 |
| Land Assessment | $356,394 | Total Assessment | $640,772 |
PROPERTY TAXES
Parcel Number
383-093-11
Land Assessment
$356,394
Improvements Assessment
$284,378
Total Assessment
$640,772
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3237 E Chapman Ave
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