Last large parcel located 3-blocks from the beach and adjacent to Huntington Beach Main Street Promenade with over 20,000 square feet of lot for future development. Existing structure was extensively renovated and retrofitted between 1991 and 2014 and brought to current code standard. At top of Promenade at corner of Main Street and Orange--2 busy through streets. Very large parking area with 28 spaces. Has been considered for all Main Street mixed uses from Condos to Clubs. Current long term tenant made significant capital improvements to the structure. Current lease ends in 2024 with 2 five year options to extend to 2029 and to 2034 with adjusted rent increases. Master Tenant sub-lease to Hair Salon. Very secure cash flow NNN investment with huge potential for appreciation and future development with minimal management needed by owner. See agent confidential remarks for rent adjustment schedule. Offering includes 3 contiguous parcels, end of block 024-134-06/07/08, with all structures and improvements: 2 retail stores and large parking lot. Multiple mixed uses possible for land future development, residential or commercial.
- Price:
- $5,625,900
- Acreage:
- 0.47
- Listing ID #:
- PW20161323
- Street Address:
- 402 Main St
- City:
- Huntington Beach
- State:
- California
- Postal Code:
- 92648
- County:
- Orange
- Community:
- West Huntington Beach
- Subdivision:
- Downtown Area (down)
- Listing Status:
- Pending
- Approximate Lot Size Range Source:
- Assessor
- Conforms To Zoning:
- Commercial
- Land Improvements:
- Paved Parking Lot And 6850 Sq. Ft. Commercial Building
- Lot Features:
- Corner Lot, Level With Street, Lot 20000-39999 Sqft, Rectangular Lot, Near Public Transit, Paved, Utilities - Overhead, Walkstreet
- Lot Square Footage:
- 20473.00
- Road Frontage Type:
- Alley, City Street
- Road Type:
- Alley Paved, Maintained, Paved
- Topography:
- Level
- Community Features:
- Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
- Days On Market:
- 205
- On Market Date:
- 2020-08-10
- Originating Mls:
- Crm
- Previous Listing Price:
- 5970500.00
- Price Per Square Foot:
- 274.80
- Electricity:
- Electricity - On Property
- Existing Water:
- Public
- Sewage Type:
- Public Sewer
|
$
|
|
|
$
|
|
|
%
|
|
|
$
|
|
|
$
|
|
|
$
|
|
The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By Steven Wilcoxon of Steven Wilcoxon R.E. Broker (: 00657836)
Similar Properties
$5,495,000
Virtual Tour
4442 Oceanridge Dr, Huntington Beach, CA 92649
6 Beds | 9 Baths
Listing Provided By Tim Smith of Coldwell Banker Realty (: 01346878) ACTIVE UNDER CONTRACT
