2375 N Tustin Street
Significant Repositioning/Redevelopment Potential Including Residential
Marketing description
▪ Blank Canvas Investment Opportunity – Few investment properties come to market in Orange County, let alone assets in the highly-coveted City of Orange, with reposition-redevelopment potential for investor, developer and owner-user purchasers
▪ Significant Repositioning/Redevelopment Potential Including Residential – With its approximate 4.32-acre site, potential for an additional 0.78-acre pad parcel purchase, ±45,675 SF building, and Tustin Redevelopment Project Area (C-TR) zoning, the property has the potential to be repositioned or redeveloped into a variety of commercial uses as well as residential uses
Investment highlights
▪ Land Bank Potential – The property can be repositioned in its current configuration or completely redeveloped - A favorable leasing opportunity benefits investor, developer or owner-user needs while alternatives and strategies are considered for a longer-term hold or shorter-term "carry"
▪ Irreplaceable High-Exposure Freeway Adjacent Location – Situated directly across Tustin St from The Village at Orange, arguably one of the best retail corridors in Orange County with access from and exposure to the SR-55 Freeway (±218,000 cars per day) - the property includes a massive freeway adjacent pylon sign creating additional advertising and revenue possibilities
▪ Affluent, Mature Orange County Demographics – 16,700+ people with AHI $156,300+ in a 1-mile radius, 133,300+ people with AHI $149,700+ in a 3-mile radius, and 462,200+ people with AHI $141,500+ in a 5-mile radius
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