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12442 Lampson Avenue, Garden Grove

$3,980,000 - $4M Price - .37 Acres - 311 DOM

Located in a bustling area near Lampson Ave and Harbor Blvd,this neighborhood center offers great visibility and accessibilityfor potential customers. With its long-standing presence in thecommunity since its construction in 1964, the center is well-known and trusted by local residents. It houses three tenants,each providing unique products or services, which can attract awider customer base and increase foot traffic. The property isfully occupied by NNN (Triple Net) tenants, which means theyare responsible for property taxes, insurance, and maintenanceexpenses, providing a stable income and reducing the landlord'smanagement duties. The property boasts over 6,197 square feetof retail space, allowing for flexible tenant configurations andpotential for future expansion or reconfiguration. With a stablethe income stream from reliable tenants, the property presents a low-risk investment opportunity for potential investors. Its primelocation, established presence, and occupancy by NNN tenantsalso suggest a potential for value enhancement through rentincreases, lease renewals, or property improvements. Overall, thisretail property is a highly attractive investment opportunity withsignificant potential for long-term appreciation and incomegeneration.

Listing Agent
Walter Castillo - Coldwell Banker Realty

Essential Information

For 12442 Lampson Avenue, Garden Grove
  • MLS® # 23245379
  • Price $3,980,000
  • Bathrooms 0.00
  • Acres 0.37
  • Year Built 1964
  • Type Commercial Sale
  • Status Active

Community Information

For 12442 Lampson Avenue, Garden Grove
  • Address 12442 Lampson Avenue
  • City Garden Grove
  • County Orange
  • Zip Code 92840

Area

For 12442 Lampson Avenue, Garden Grove

64 - Garden Grove E of Euclid, W of Harbor

Amenities

For 12442 Lampson Avenue, Garden Grove
  • Parking Spaces 30

Interior

For 12442 Lampson Avenue, Garden Grove
  • Heating Central
  • # of Stories 1

Additional Information

For 12442 Lampson Avenue, Garden Grove
  • Date Listed February 27th, 2023
  • Days on Market 311
  • Zoning Commercial

Listing Details

For 12442 Lampson Avenue, Garden Grove
  • Agent Walter Castillo
  • Office Coldwell Banker Realty

Price Change History for 12442 Lampson Avenue, Garden Grove, (MLS® #23245379)

Date Details Change
Status Changed from Pending to Active
Status Changed from Active to Pending

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12460 Euclid Street, Garden Grove

Great location, in the heart of Garden Grove City, closed to Free way. Property is located at the corner of Euclid and Lampson two blocks from City Hall. Appx. 8,928 square feet of building size and 23,087 square feet of land. Currently 8 units of retail and offices are rented with Triple Net estimates $270,000.00/year, 6 units with Triple Net and long term leases. Separate electric meters, separate air conditioners, 40 parking spaces, 4 years

Based on information from California Regional Multiple Listing Service, Inc. as of April 28th, 2024 at 8:40pm PDT. 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.