3 Locations

Lee & Associates - Pasadena is pleased to present the exclusive opportunity to acquire 200, 206 & 214 S. Bradford Avenue, a ±8,967-square-foot, 16-bay automotive service facility positioned on three contiguous parcels totaling ±24,856 square feet (±0.58 acres) in the heart of Old Town Placentia. The property has been home to Castner's Auto Service since 1957, making it one of the longest-operating independent automotive businesses in North Orange County and a genuine community staple in Placentia. By 1974 the business had incorporated as Castner's Auto Service, Inc., and the acquisition of the adjacent parcel to the north expanded the operation to its current three-parcel footprint. The business is now in its second generation and continues to serve the Placentia community.

The offering is best suited to an automotive-user or a local retailer attracted to a flexible Old Town location in Placentia. The property offers immediate access to the SR-57 freeway, frontage on Bradford Avenue, and with three separate parcels, gives a buyer plenty of flexibility from day one. An owner/user can take advantage of SBA financing with as little as 10-15% down, dramatically lowering the equity hurdle for owner-users.

Hard to find freestanding, infill commercial land with functional improvements are increasingly scarce in built-out North Orange County, and assemblages of three contiguous parcels are even harder to come by. The subject pairs that scarcity with the opportunity to acquire SBA owner-user financing, placing ownership within reach of operating businesses. It also carries Opportunity Zone status that rewards long-term investors. Layered over a city actively investing in the surrounding Old Town district, the result is an asset that performs on day one as an automotive service facility with plenty of future upside.