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Original Mike's 100 S Main St

19,378 SF Retail Building Santa Ana, CA 92701 $11,500,000 ($593/SF) 5.33% Cap Rate

Investment Highlights

  • Owner User Opportunity
  • Excess Land
  • Tremendous Access and Street Frontage
  • Downtown Santa Ana Location
  • Ideal Restaurant Opportunity & Thriving Downtown Santa Ana Location
  • CUP for Residential: Contact Asset Manager for Details

Executive Summary

Caribou Industries is pleased to provide the opportunity to obtain the fee simple interest in 100 S. Main Street in Santa Ana, CA.
Owner User Opportunity: This is an ideal opportunity for an owner/user restauranteur or retail operator looking to open a site within one of the most populated neighborhoods in Orange County.
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: Currently, Original Mike’s restaurant 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. It has been 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 Asset Manager for details).
Contact Davis Niehaus at +1 (714) 498-4550 for more details.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
19,378 SF
Building Class
C
Year Built
1919
Price
$11,500,000
Price Per SF
$593
Cap Rate
5.33%
NOI
$613,200
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.26
Land Acres
1.74 AC
Opportunity Zone
Yes
Zoning
Mixed Use - Retail/Office/Medical.
Parking
150 Spaces (9.47 Spaces per 1,000 SF Leased)
Walk Score ®
Walker's Paradise (97)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 398-278-03
  • 398-278-05
  • 398-278-04
  • 398-278-06
  • 398-278-01
  • 398-278-02
  • 398-278-07
  • 398-278-08
Land Assessment
$2,939,169
Improvements Assessment
$1,025,064
Total Assessment
$3,964,233
  • Listing ID: 34018387

  • Date on Market: 5/30/2024

  • Last Updated:

  • Address: 100 S Main St, Santa Ana, CA 92701

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