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Main Street, Huntington Beach, CA 92648

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Listing Type
commercial/industrial
Listing Status
active
5
Overview
Features
Commute
Transportation
Market Statistics
Neighborhood
Similar Homes
Similar Home Values
$6,950,000

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Home Details for Main Street

Price
$6,950,000
Type
commercial/industrial
Year Build
1945
Sq. Ft.
20,473
Lot Size
0.4700
County
Orange
On exitrealty.com
113 days
MLS Listing#
PW20125570

Property Description

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 future development, residential or commercial.

Property Features

$6,950,000

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