2117 N Orange Olive Road, Orange, CA 92865

$2,900,000

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List Price
$2,900,000
Status
ACTIVE
MLS#
OC26225226
Year Built
1955
Lot Size
22,605
Acres
0.52
Lot Location
Near Public Transit, Paved, Rectangular Lot, Street Level, Value In Land, Level
Days on Market
14
Property Type
Commercial
Property Sub Type
Retail

Property Description

Own the land, the building, AND a cash-flowing business. This rare 22,605 SF (0.52 AC) C-1 zoned parcel on high-traffic N. Orange Olive Rd (approx. 9,300+ cars/day per City of Orange counts) is being offered together with the long-established Lighthouse Laundromat and all equipment. With only about 9% lot coverage, the approx. 2,109 SF free-standing building leaves roughly 14,000 SF of surplus paved land, giving buyers a rare blank canvas in the heart of Orange. THE LAND: C-1 zoning supports a wide range of retail, office, and service commercial uses, and the deep, level, rectangular lot with wide street frontage and a tall pylon sign is ideal for a new pad, multi-tenant retail or office building, sit-down or quick-service restaurant, coffee or drive-through concept, car wash, or fleet/vehicle storage (certain uses subject to City approval). Seller reports the site carries an existing drive-through entitlement, a major advantage for QSR and coffee users. California housing laws (AB 2011 / SB 6) may also open the door to multi-family or mixed-use residential on commercially zoned land, creating future development upside. THE BUSINESS: Open 7 days with rows of commercial front-load washers and stacked dryers, folding stations, vending, fluff & fold and drop-off service, a covered outdoor patio, and ADA parking. Collect income today while you plan tomorrow. Surrounded by dense single- and multi-family housing with an established industrial corridor across the street, providing a built-in customer base and daytime workforce. Perfect for owner-operators, investors, 1031 exchange buyers, and developers. Lease may be considered. Buyer to verify zoning, permitted uses, entitlements, and all property information with the City of Orange.

Additional Information

Taxes
$11,921
Appliances
Dryer, Washer
Heat
Central, Forced Air, Natural Gas
Cooling
Yes
Cooling Description
Central Air
Exterior Construction
Brick, Block, Vertical Siding, Wood Siding
Roof
Composition, Flat, Mansard, Shingle
Water
Public
Attached Structure
Detached

Listing courtesy of Listing Agent: Roy Quick (roy@roysoldquick.com) from Listing Office: Luxre Realty, Inc..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.