402 Main Street, Huntington Beach, CA 92648

$6,950,000
List Price
$6,950,000
Status
ACTIVE
MLS#
PW20161323
Lot Size
20,473
Acres
0.47
Lot Location
Corner Lot, Level with Street, Lot 20000-39999 Sqft, Rectangular Lot, Near Public Transit, Paved, Utilities - Overhead, Walkstreet
Days on Market
73
Property Type
Land
Builders Tract Code
Downtown Area (DOWN)
Neighborhood
Downtown Area (Down)

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.

Additional Information

Tract Number
356
Lot Description
Curbs, Gutters, Sidewalks, Storm Drains, Street Lights, Urban
View
None
Sewer
Public Sewer
Water
Public

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

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

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.