402 Main Street, Huntington Beach

$5,970,500

0 Beds
0 Baths
.47 Acres
0 Garages

Last large parcel located 3-blocks from the beach and adjacent to Huntington Beach Main Street Promenade with over 20,000 square feet of lot for future development. Existing structure was extensively renovated and retrofitted between 1991 and 2014 and brought to current code standard. At top of Promenade at corner of Main Street and Orange--2 busy through streets. Very large parking area with 28 spaces. Has been considered for all Main Street mixed uses from Condos to Clubs. Current long term tenant made significant capital improvements to the structure. Current lease ends in 2024 with 2 five year options to extend to 2029 and to 2034 with adjusted rent increases. Master Tenant sub-lease to Hair Salon. Very secure cash flow NNN investment with huge potential for appreciation and future development with minimal management needed by owner. See agent confidential remarks for rent adjustment schedule. Offering includes 3 contiguous parcels, end of block 024-134-06/07/08, with all structures and improvements: 2 retail stores and large parking lot. Multiple mixed uses possible for land future development, residential or commercial.

Essential Information
MLS® #PW20161323
Price$5,970,500
Acres0.47
TypeLot-Land
Sub-TypeLots and Land
StatusActive
Community Information
Address402 Main Street
AreaWest Huntington Beach (15)
SubdivisionDowntown Area (DOWN)
CityHuntington Beach
CountyOrange
StateCA
Zip Code92648
Amenities
ViewNo View
Utilities

Electricity Connected, Telephone - On Property, Sewer Connected, Water Connected, Cable Available, Natural Gas Connected

Lot Description

Corner Lot, Level with Street, Lot Shape-Rectangular, Near Public Transit, Paved, Lot 20000-39999 Sqft, Utilities - Overhead, Walkstreet

Additional Information
Date ListedAugust 8th, 2020
Days on Market81
ZoningCommercial
Listing Details
AgentSteven Wilcoxon(00657836)
OfficeSteven Wilcoxon R.E. Broker
Property History
Price Reduced from $6,950,000 to $5,970,500
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Based on information from California Regional Multiple Listing Service, Inc. as of October 31st, 2020 at 2:42am CDT. 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.