327 S Lemon St Anaheim, CA 92805

$399,999
Anaheim, CA   92805
0 Beds, 0.0 Baths, 0 sq ft, 6,534 sq ft lot, Built in 1929
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0 Beds,
0.0 Baths,
0 sq ft,
6,534 sq ft lot
Built in 1929

Description

MLS# DW19018609

**Environmental Report in Progress, On HOLD until report comes in around 5/15/19.** First time on market in over 25 years. Rare opportunity to buy this stand alone corner lot property in an exciting re-development area of Anaheim. Please note, the property is being sold and not the business. Current tenant operates property as a connivence mini-market with beer, wine, smoke and lotto sales. Cap rate is estimated at 5% with no mortgage and current expenses, buyer to verify financials to determine the exact cap rate using their pro-forma operating expenses. Property consists of a 2,191 square feet structure on a 6,074 square foot lot with 8 on-site parking spaces. Property is located directly across the street to a city park, attracting many consumers to the connivence store. Located in a high demand area, walking distance to Anaheim's Packing District and Farmers Market. Property needs some TLC and is priced accordingly. This is an easy to manage investment property with a current 5 year lease in place. Great opportunity to redevelop this unique property into a "higher and better use" once lease expires and benefit from increase rents or for a business owner user. Listed by Mike Medina, California Properties & Realty.

Description

MLS# DW19018609

**Environmental Report in Progress, On HOLD until report comes in around 5/15/19.** First time on market in over 25 years. Rare opportunity to buy this stand alone corner lot property in an exciting re-development area of Anaheim. Please note, the property is being sold and not the business. Current tenant operates property as a connivence mini-market with beer, wine, smoke and lotto sales. Cap rate is estimated at 5% with no mortgage and current expenses, buyer to verify financials to determine the exact cap rate using their pro-forma operating expenses. Property consists of a 2,191 square feet structure on a 6,074 square foot lot with 8 on-site parking spaces. Property is located directly across the street to a city park, attracting many consumers to the connivence store. Located in a high demand area, walking distance to Anaheim's Packing District and Farmers Market. Property needs some TLC and is priced accordingly. This is an easy to manage investment property with a current 5 year lease in place. Great opportunity to redevelop this unique property into a "higher and better use" once lease expires and benefit from increase rents or for a business owner user. Listed by Mike Medina, California Properties & Realty.

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  • Ernie gonzales
    Ernie Gonzales

    NMLS# 1086147

    Direct: (213) 842-5318
    Email: mortgagesbyernie@gmail.com

Area
AREA: 78 - Anaheim East of Harbor
COUNTY: OR
Building Info
STORIES: 1
LAUNDRY: None
Exterior Features
LOT: Corner Lot
Community
UNITS TOTAL: 1
STORIES TOTAL: 1
Land
WATER: Public
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