Original Mike's & Apartments + Townhome Development Land
Mixed-Use | Original Mike's & Apartments + Townhome Development Land
Marketing description
Caribou Industries is pleased to provide the opportunity to obtain the fee simple interest in 100 S Main Street in Santa Ana, California. The property is leased for 20 Years, 10 Years with 2-5 Year Options - NNN at a 5.5% CAP Rate for $10,000,000. This offering consists of Original Mike's restaurant and its excess parking lot. The excess land allows a developer to construct additional leasable areas in the adjacent parking lot. In addition, the site has a CUP (Conditional Use Permit) for 14 new live/work-style lofts.
An ideal restaurant opportunity, the Original Mike's building boasts incredible architecture and character with open ceilings and a modern open kitchen concept. The former restaurant, an outstanding establishment known as Original Mike's was recognized as a top-rated restaurant and event center for over 13 years.
Original Mike's site has multiple access points and curb cuts at the rear of the property along both Sycamore Street and W Walnut Street. It also has over 525 linear feet of frontage along W 1st Street and S Main Street. Seize the chance to join other retail operators that have transformed the Downtown Santa Ana landscape, including Playground, Mix-Mix Kitchen, Eat Chow, Crave, Lola Gaspar, Wursthaus, Chapter One, Pizza Press, Portola’s Coffee, and many others.
100 S Main Street is located within the heart of Downtown Santa Ana and within the Santa Ana Specific Plan. Historically, the City of Santa Ana has encouraged and supported an additional retail and/or mixed-use development that plans to promote economic growth, connectivity, and urbanism within the Downtown Santa Ana area. Contact Caribou Industries today for more details.
For the Offering Memorandum and Townhome Plans please reach out to [email protected] or +1 (714) 498 - 4550 .
Investment highlights
Owner User Opportunity: This is an ideal opportunity for an owner/user
Downtown Santa Ana Location: The site is located within the heart of Downtown Santa Ana and is within the Downtown Santa Ana Specific Plan. The City of Santa Ana has encouraged and supported additional retail and/or mixed-use developments, that would promote economic growth, connectivity, and urbanism, within the Downtown Santa Ana area.
Excess Land: Original Mike’s, has excess parking creating an opportunity for a developer to construct additional leasable area in the adjacent parking lots.
Ideal Restaurant Opportunity: Original Mike’s, building boasts incredible architecture and character with open ceilings and a modern open kitchen concept. Original Mike’s was recognized as a top-rated restaurant and event center for over 13 years.
Thriving Downtown Santa Ana Location: Join other retail operators that have transformed the Downtown Santa Ana landscape including Playground, Mix-Mix Kitchen, Eat Chow, Crave, Lola Gaspar, Wursthaus, Chapter One, Pizza Press, Portola’s Coffee, and many others.
Tremendous Access and Street Frontage: Original Mike’s site has multiple access points and curb cuts at the rear of the property along both Sycamore Street and W. Walnut Street, and has over 525 linear feet of frontage along W. 1st Street and S. Main Street.
CUP for Residential: The site has a CUP for fourteen (14) new live/work style lofts. (Call listing broker for details).
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