Collins Avenue, Orange, CA 92868
- $4,500,000
- Sold Price
- $4,500,000
- List Price
- $5,400,000
- Closing Date
- Jan 19, 2024
- Status
- CLOSED
- MLS#
- PW23118704
- Lot Size
- 45,038
- Acres
- 1.03
- Lot Location
- Lot Over 40000 Sqft, Street Level, Value In Land
- Days on Market
- 83
- Property Type
- Land
Property Description
The subject property is a ±1.0 acre industrial yard located just east of Main Street and north of Collins Ave. in the city of Orange. Zoning on this site is M-2 Industrial Manufacturing. The M-2 district is intended to provide for the continuation and development of heavy manufacturing industries in locations where they are compatible with and will not adversely impact adjacent land uses. Sample M-2 uses include contractor’s yards, auto related uses, production/wholesale uses and storage uses. This site has no major street frontage although access is provided both from Collins Ave (from the south) and from Enterprise Street (from the east). Currently the site is occupied by five separate tenants who are all on shorter term leases. Average industrial rents in Orange County are among the highest of all major markets in the US and demand for industrial land continues to be strong in light of the low vacancy environment.
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Additional Information
- View
- None
- Water
- See Remarks
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Matthew Wenzel (mwenzel@marcusmillichap.com) from Listing Office: Marcus & Millichap.
Listing sold by Timothy Shields from Thunderbird Capital Corporatio
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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.