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9252 Garden Grove Blvd
Garden Grove, CA 92844
Retail Property For Sale
Investment Highlights
- Proforma cap rate of 6.91%
- Opportunity to increase rent and traffic with synergistic new tenant lease up
- Majority of leases were entered into during COVID-19 Pandemic
- Large 1.8 acre lot for additional development and higher use
- Some tenants are month to month
Property Facts
Property Type
Building Size
32,188 SF
Building Class
C
Year Built
1965
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.40
Lot Size
1.87 AC
Zoning
GGMU-2 - The Garden Grove Boulevard Mixed Use 2 Zone - 24 residential units allowed, FAR .5, subject to set back and maximum height of 50 ft or 4 stories.
Parking
100 Spaces (5 Spaces per 1,000 SF Leased)
Frontage
24’ on Garden Grove Blvd
Amenities
- Bus Line
- Corner Lot
- Pylon Sign
- Air Conditioning
Property Taxes
| Parcel Number | 098-571-05 | Improvements Assessment | $1,836,000 |
| Land Assessment | $5,914,000 | Total Assessment | $7,750,000 |
Property Taxes
Parcel Number
098-571-05
Land Assessment
$5,914,000
Improvements Assessment
$1,836,000
Total Assessment
$7,750,000
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