2
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$3,442,000
Est. payment /mo
0.27 Acres Lot
Active
621 W 19th Costa Mesa, CA 92627
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Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25241452
HOA Y/N No
Year Built 1958
Lot Size 0.270 Acres
Property Sub-Type Retail
Property Description
Three unit retail center located on 19th Street, one of the major thoroughfares with over 33,000 vehicles per day. Located next to McDonald's, across from In-N-Out, and near many national and regional retailers such as Bank of America, 24 hour fitness, Wells Fargo Bank, BevMo, Rubio's, CVS, Grocery Outlet, and many more.
Two of the units are leased to Little Caesars and Up-In Smoke. Little Caesars has been at the site since 2009 and continuously exercised their 5 year options and has added additional options. Up In Smoke has been at the site for four years and has one 5 year option. The vacant space is 2071 SF and seller is offering a rent guarantee for one year.
The property is free and clear of financing. Seller is also offering to carry a loan in first position in the amount of $2,242,000 at 7% with interest only monthly payments of $13,078.33 for Ten years.
This property is also suitable for a user who is interested in occupying the vacant space.
Two of the units are leased to Little Caesars and Up-In Smoke. Little Caesars has been at the site since 2009 and continuously exercised their 5 year options and has added additional options. Up In Smoke has been at the site for four years and has one 5 year option. The vacant space is 2071 SF and seller is offering a rent guarantee for one year.
The property is free and clear of financing. Seller is also offering to carry a loan in first position in the amount of $2,242,000 at 7% with interest only monthly payments of $13,078.33 for Ten years.
This property is also suitable for a user who is interested in occupying the vacant space.
Location
State CA
County Orange
Area C2 - Southwest Costa Mesa
Interior
Fireplace No
Laundry None
Exterior
Utilities Available Electricity Connected, Phone Available, Phone Connected, Sewer Connected, Underground Utilities, Water Connected
Present Use Commercial
Total Parking Spaces 15
Building
Lot Description Near Public Transit, Rectangular Lot, Street Level
Story 1
Water Public
Others
Tax ID 42421107
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
Special Listing Condition Standard
Lease Land No
Listed by Mehran Novini Consolidated Capital Investments 714-325-9947
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