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505 S Main St 18,650 SF Retail Building Santa Ana, CA 92701 $4,500,000 ($241.29/SF)
Investment Highlights
- Hard Corner Visibility - ±0.90-acre lot with frontage on three streets, including a signalized intersection along S Main St
- Zoning Versatility - (UN-20) General Plan zoning allows for commercial, retail, office, and mixed-use residential up to 20 units/acre with a 1.0 FAR
- Development Flexibility - Strong candidate for adaptive reuse, retail repositioning, owner-user occupancy, or residential infill redevelopment
- Large Commercial Footprint - ±18,650 SF building (plus mezzanine space) with 44 onsite parking spaces
- SBA Financing Potential - May qualify for SBA loan programs
Executive Summary
The Parham Group at Marcus & Millichap is please to present 505 S Main St, Santa Ana, a rare opportunity to acquire a high-exposure commercial property located on a prominent hard corner in heart of Santa Ana. The ±18,650 SF building sits on a ±0.90-acre parcel with frontage on three streets, including S Main St, which sees 28,000+ vehicles per day. With 44 on-site parking spaces, this property supports a range of active commercial uses and is also well-positioned for future mixed-use redevelopment.
Zoned UN-20 under Santa Ana’s General Plan, the site allows for up to 20 dwelling units per acre and a 1.0 FAR, making it a candidate for live/work, retail repositioning, or commercial residential hybrid development. Its corner location, access, and visibility lend themselves to a wide range of user or investor strategies. Additionally, the existing improvements may qualify for SBA financing, making it attractive to owner-users looking to occupy part or all of the building.
Zoned UN-20 under Santa Ana’s General Plan, the site allows for up to 20 dwelling units per acre and a 1.0 FAR, making it a candidate for live/work, retail repositioning, or commercial residential hybrid development. Its corner location, access, and visibility lend themselves to a wide range of user or investor strategies. Additionally, the existing improvements may qualify for SBA financing, making it attractive to owner-users looking to occupy part or all of the building.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
18,650 SF
Building Class
C
Year Built
1928
Price
$4,500,000
Price Per SF
$241.29
Tenancy
Single
Building Height
2 Stories
Building FAR
0.47
Lot Size
0.91 AC
Zoning
UN-20 - 3 - Commercial (Nec)
Parking
42 Spaces (2.25 Spaces per 1,000 SF Leased)
Frontage
218’ on S Main St
Amenities
- Bus Line
- Conferencing Facility
- Corner Lot
- Signage
- Tenant Controlled HVAC
- Storage Space
- Air Conditioning
Walk Score®
Walker's Paradise (92)
Nearby Major Retailers
Property Taxes
| Parcel Number | 404-044-01 | Improvements Assessment | $612,928 |
| Land Assessment | $896,717 | Total Assessment | $1,509,645 |
Property Taxes
Parcel Number
404-044-01
Land Assessment
$896,717
Improvements Assessment
$612,928
Total Assessment
$1,509,645
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505 S Main St
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