Mayfair Retail Center 1600-1612 E Mayfair Ave 4,280 SF 49% Leased Retail Building Orange, CA 92867 $1,498,000 ($350/SF) 3.72% Cap Rate

Paul Kott Realtors, Inc. – Commercial Division is pleased to present a four-unit retail strip center consisting of approximately 4,280-square feet of building situated on a 10,254-square foot corner lot. This offering represents an excellent opportunity for an investor or owner/user to acquire a C-1 Limited Business zoned property that
maintains long-term stable tenants with low rents. The property has good visibility from the signalized intersection of Tustin Street and Mayfair Avenue which has been
proven to be beneficial to the tenants. Traffic counts boast approximately 32,878 vehicles per day.
The subject property is located approximately 1 mile to the 55 Freeway and across the street from 7 Eleven, KFC, Planet Fitness, Enterprise Rent a Car, etc. Four tenants occupy the property: “Unique Gifts” (1,000 SF), “Orange Cafe” (1,100 SF), “Enchanted Nail Salon” (1,100 SF), and “Wellness Spa & Massage”. The Unique Gifts tenant is month to month and can sign a one-year lease at market rent or vacate at a date of preference. Tenants pay their own electricity directly.
Originally built in 1961, the building is constructed of wood-frame and stucco, offers a restroom(s) in each unit, maintains a 2:57 parking ratio (11 parking spaces) in addition to street parking on Mayfair Avenue, and is zoned C-1 for many retail, office, and medical office uses.
The property can be accessed by taking the 55 Freeway, exiting on Katella Avenue, heading west, and turning left on Tustin Street. Please contact the city of Orange planning department for future permitted uses. The seller does not want to finance the property.
**DO NOT ENTER ONTO PROPERTY OR TALK TO TENANTS WITHOUT OWNER'S WRITTEN CONSENT**