Costa Mesa, CA 92627,621 W 19th
Costa Mesa, CA 92627,621 W 19th
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$3,442,000
Est. payment /mo
0.27 Acres Lot
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UPDATED:

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.

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

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CRMLS – RECore
Listed by Mehran Novini Consolidated Capital Investments 714-325-9947

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