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    402 Main Street

    Huntington Beach, CA 92648
    • $5,907,500 - $6,950,000
    • STATUS: Active
    • ON SITE: 49 days
    • ID#: PW20161323
    UPDATED: 30 min ago
    $5,907,500 - $6,950,000
    • 0
      BEDS
    • 0.47
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    Last large parcel located 3-blocks from the beach and adjacent to Huntington Beach Main Street Promenade with over 20,000 square feet of lot for future development. Existing structure was extensively renovated and retrofitted between 1991 and 2014 and brought to current code standard. At top of Promenade at corner of Main Street and Orange--2 busy through streets. Very large parking area with 28 spaces. Has been considered for all Main Street mixed uses from Condos to Clubs. Current long term tenant made significant capital improvements to the structure. Current lease ends in 2024 with 2 five year options to extend to 2029 and to 2034 with adjusted rent increases. Master Tenant sub-lease to Hair Salon. Very secure cash flow NNN investment with huge potential for appreciation and future development with minimal management needed by owner. See agent confidential remarks for rent adjustment schedule. Offering includes 3 contiguous parcels, end of block 024-134-06/07/08, with all structures and improvements: 2 retail stores and large parking lot. Multiple mixed uses possible for land future development, residential or commercial.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T12:29:18.777. 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 deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team. Licensed in the State of California, USA.

    www.searchcaliforniahomes.net/homes/108735129
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    402 Main Street Huntington Beach, CA 92648

    • Price: $5,907,500 - $6,950,000
    • Status: Active
    • Updated: 30 min ago
    • ID#: PW20161323
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.47
    Acres
    Neighborhood:
    Downtown Area (Down)
    County:
    Orange
    Area:
    15 - West Huntington Beach
    Property Description
    Last large parcel located 3-blocks from the beach and adjacent to Huntington Beach Main Street Promenade with over 20,000 square feet of lot for future development. Existing structure was extensively renovated and retrofitted between 1991 and 2014 and brought to current code standard. At top of Promenade at corner of Main Street and Orange--2 busy through streets. Very large parking area with 28 spaces. Has been considered for all Main Street mixed uses from Condos to Clubs. Current long term tenant made significant capital improvements to the structure. Current lease ends in 2024 with 2 five year options to extend to 2029 and to 2034 with adjusted rent increases. Master Tenant sub-lease to Hair Salon. Very secure cash flow NNN investment with huge potential for appreciation and future development with minimal management needed by owner. See agent confidential remarks for rent adjustment schedule. Offering includes 3 contiguous parcels, end of block 024-134-06/07/08, with all structures and improvements: 2 retail stores and large parking lot. Multiple mixed uses possible for land future development, residential or commercial.
    Exterior Features

    Fencing None Lot Features Corner LotLevel With StreetLot 20000-39999 SqftRectangular LotNear Public TransitPavedUtilities - OverheadWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Road Frontage Type AlleyCity Street Road Surface Type Alley PavedMaintainedPaved Survey Buyer Pays Topography Level Trees None View None View YN No

    Property Features

    Additional Parcels Description 07/06 Additional Parcels YN Yes Association Fee 0.00 Association YN No Cleared Yes Community Features CurbsGuttersSidewalksStorm DrainsStreet LightsUrban Country Us Current Financing None Current Use Comments Bicycle ShopHair SalonParking Lot Distance To Bus Comments At Corner Distance To Electric Comments Connected Distance To Gas Comments Connected Distance To Phone Service Comments Connected Distance To Sewer Comments Connected Distance To Street Comments City Distance To Water Comments Public Onsite Electric Electricity - On Property Elevation Units Feet Have 3 Contiguous Lots With Mixed Use Bldng Improvements Paved Parking Lot And 6850 Sq. Ft. Commercial Building Ingress Egress Street & Alley Land Lease YN No New Construction YN No Possible Use Comments EntertainmentCondoFood ServicePharmacyRetailResidential Income. Present Loans 0 Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Subdivision Name Other Downtown Area (Down) Usable Land Percent 100 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer ConnectedWater Connected Water Source Public Water Well YN No Zoning Commercial

    Listing provided courtesy of Steven Wilcoxon of Steven Wilcoxon R.E. Broker


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-09-29T12:29:18.777. 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 deemed reliable but is not guaranteed accurate by the MLS or Cory Home Team. Licensed in the State of California, USA.

     
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