Opportunity Zone - Directly on Beach Boulevard in Huntington Beach, California (Surf City)! Whether you are looking to modernize the property’s current design, or bring in a completely new development vision, this investment property will be a nice addition to anyone’s long-term portfolio. Permitted Uses - Medical Services, Lodging, Vehicle Sales, Professional Office, Community Oriented Retail Anchors, Live Work, Eating & Drinking (configuration specific), and Specialty Retail (neighborhood center, corner store, drive-through). There are two detached buildings (Approx. 16,000 Sq Feet of combined office/retail space) sitting on approximately 38,445 Sq Ft of land. 29 units total with current tenant leases not exceeding one (1) year. This scenario offers short-term cash flow during the property improvement and/or full redevelopment planning process. Current tenant types include auto sales, professional office, and various retail services. Beach Boulevard funnels over 60,000 cars per day into Huntington Beach, also known as Surf City. Huntington Beach attracts over eleven (11) million visitors each year to experience its warm Mediterranean climate and casual beach lifestyle. This location is within close proximity to Huntington Beach Hospital, Huntington Central Park, and the 405 Freeway. John Wayne Airport is just 9 miles from the property and LAX is approximately 30 miles away.
Cable Available, Electricity Connected, Sewer Connected, Phone Available, Underground Utilities
Paved, 0-1 Unit/Acre, Level, Near Public Transit, Rectangular Lot, Street Level
|Status Changed from Active Under Contract to Active||–|
|Status Changed from Active to Active Under Contract||–|
|Price Reduced from $8,000,000 to $7,000,000||$1,000,000 (12.50%)|
Based on information from California Regional Multiple Listing Service, Inc. as of June 2nd, 2023 at 5:15am 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.