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$1,699,999
Est. payment /mo
3,920 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25093255
HOA Y/N No
Year Built 1962
Lot Size 3,920 Sqft
Property Sub-Type Mixed Use
Property Description
540 & 542 N El Camino Real is a highly updated freestanding commercial building located in a prime Opportunity Zone on North El Camino Real, directly across from Denault's Hardware. Offering excellent street exposure and a rare street-to-street lot configuration with access from both El Camino Real and the rear alleyway, this property presents a unique opportunity for investors or owner-users. The building consists of approximately 3,249 square feet of flexible Office, Retail, or Creative space, along with additional storage below and seven onsite parking spaces in the rear parking lot. An extra 507 square feet of enclosed, leasable space at the back of the property is also available but is not currently included in the total square footage, offering additional income potential or expansion opportunities. The property has undergone extensive renovations, including new flooring, a new roof, new siding and exterior improvements, a new sewer line, and a completely new air conditioning and ventilation system. Cosmetic upgrades such as tile work, remodeled bathrooms, and fresh interior paint further enhance the space. With three separate meters for electricity and gas, as well as two air conditioning units, the building offers excellent flexibility for multiple tenants or a single-user configuration. 540 N El Camino Real space is currently leased for $3919.15/month by a reputable tenant under a three-year lease, with 3% annual increases, providing immediate income to a new owner. The remaining space is vacant and available for lease or owner occupancy. This highly visible and versatile building, located in a thriving commercial corridor within an Opportunity Zone, is ideal for investors, entrepreneurs, and business owners seeking a turnkey asset with income and upside potential.
Location
State CA
County Orange
Area Sc - San Clemente Central
Interior
Heating Central
Cooling Central Air
Fireplace No
Laundry Laundry Room
Building
Lot Description Yard
Story 2
Water Public
Others
Tax ID 05806256
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
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Listed by Casey Wootan • CENTURY 21 Affiliated • 949-690-1592
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