515 S Broadway, Santa Ana, CA 92701

Property Description

We are pleased to present The Broadway Building; a two-unit 1665 sf commercial office building with a large yard sitting on a 6,328 sf lot, located within a few blocks of the vibrant downtown Santa Ana restaurant district.. The subject property has two addresses, 515 & 517 Broadway, Santa Ana, and is ideally located in the Specific Development Zone (SD-40) allowing for the following multiple uses: SFR, Duplex R-2, professional office - the possibilities are endless. The subject offering is currently vacant allowing the flexibility for an owner-user to occupy or an investor buyer to lease out at market rates. Currently, the subject property is set up as two, approximately 832 sf offices with: two electric meters, two gas meters, one water meter and a very large concrete parking lot behind the structure. This property set up would be ideal for a contractor user with numerous company vehicles and/or equipment. Easily obtain an SBA loan for an owner user and obtain 6 months free principal & interest if funded by 9/27/20, or a conventional loan for an investor. With market lease rates around $2/ft for a office/warehouse with large concrete yard for multiple vehicles, the current offering could offer a 6 cap rate upon lease up at asking price.