Active
12442 Lampson Avenue
Garden Grove CA, 92840
$3,980,000
$743.93 per sqft
Active
5,350 sqft
Commercial
Built in 1964
Listed by Walter Castillo with Coldwell Banker Realty 323-464-9272
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.
23245379
MLSⓇ ID
February 27, 2023
Listed
March 28, 2024
Updated
Map
12442 Lampson Avenue
Garden Grove CA, 92840
Interior Features
Total Stories
1
Laundry Description
None
Fireplace
No
Cooling
Yes
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.37 Acres
Other Property Details
Area Name
64 - Garden Grove E of Euclid, W of Harbor
Days on Market
250
Garage
No
Parking Total
30
View
No
County
Orange
Water Source
Public
Pool
No
Zoning
Commercial
Buyer Agency Compensation
2%
Listing Contact: 323-464-9272
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:14 PM UTC