Red Hill Ave - 2.6 & 6.8 Acres for Educational Uses 2.6 - 6.8 Acre Commercial Land Lots in Tustin, CA 92780
INVESTMENT HIGHLIGHTS
- Land for Educational Development
- Long-Term Ground Lease Up to 99 Years
- Bull's-Eye Orange County Location
- Can Build Up to 6 Stories
- Development-Ready Parcels
- Website Link: www.ATEPland.com
EXECUTIVE SUMMARY
Two parcels; 2.6 & 6.8 Acres. Land Site Zoned for Educational Uses. All street/utilities infrastructure completed. Development-Ready. Can go up to six stories; high FAR possible. Offering Ground Lease Opportunities up to 99 years. Possible Option to Buy in 2034. Base Year Ground Lease Rate Range: $118,000 to $140,000/acre/year. Level and clear site. Outstanding demographics. Across the street from new 31-acre public sports complex and community park. Bull's-eye Central Orange County Location. Part of Tustin Legacy; the 1,606-acre mixed-use community. The Project is the Advanced Technology & Education Park ("ATEP"). Minutes from John Wayne Airport and Metrolink Rail Station. Close to I-5, CA-55 & I-405 freeways. Gateway to the Pacific Rim.
PROPERTY FACTS Under Contract
| Sale Type | Investment |
| Sale Condition | Ground Lease (Leasehold) |
| No. Lots | 2 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Schools |
| Total Lot Size | 9.40 AC |
| Zoning | SP 1 - Tustin Legacy - Educational Uses Allowed by Right |
2 LOTS AVAILABLE
Lot 2
| Lot Size | 6.80 AC |
Lot 3
| Lot Size | 2.60 AC |
1 of 1
PROPERTY TAXES
| Parcel Number | 430-283-23 | Improvements Assessment | $0 |
| Land Assessment | $217,939 | Total Assessment | $217,939 |
