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2285 Newport Blvd - Angel's Auto Spa

6,400 SF Specialty Building Offered For Sale in Costa Mesa, CA 92627

Investment Highlights

  • Traffic Count: 176,481 Vehicles Per Day
  • Option to continue operating the profitable car wash business which generates approximately $65,000 per month in revenue
  • Tenants generate $11,700/month of rental income
  • 40 on-site parking spaces and two driveways
  • Major visibility from 55 freeway and Newport Blvd
  • 85 foot long car wash tunnel

Executive Summary

The Taormina Real Estate Group is pleased to present 2285 Newport Blvd, a rare opportunity to acquire or redevelop a prime multi-tenant retail property on over an acre of land in the heart of Costa Mesa, CA.
The property is currently anchored by a well-established car wash business, owned and operated by the seller. This business has been trusted in the community for nearly three decades. The buyer has the option to continue operating the profitable car wash business which generates approximately $65,000 per month in revenue. Alternatively, the buyer may elect to re-tenant/redevelop the site for a variety of uses.
In addition to the anchor car wash business, the site also features rental income from four established tenants, including an auto dealer, auto repair shop, and other auto-related uses. These tenants collectively generate $11,700 per month in gross rental income.
This is the first time this property has been offered for sale in many years, making it a rare opportunity for an investor or developer.
CALL FOR PRICING GUIDANCE - DO NOT DISTURB OCCUPANTS.

Data Room Click Here to Access

Property Facts

Sale Type Investment or Owner User
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 1.05 AC
Building Size 6,400 SF
No. Stories 1
Year Built 1966
Parking Ratio 6.25/1,000 SF

Amenities

  • Bus Line
  • Signage
Walk Score ®
Very Walkable (81)
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 Number
419-101-13
Land Assessment
$395,617
Improvements Assessment
$620,473
Total Assessment
$1,016,090

zoning

Zoning Code C2, Costa Mesa
C2, Costa Mesa
  • Listing ID: 34063315

  • Date on Market: 12/3/2024

  • Last Updated:

  • Address: 2285 Newport Blvd, Costa Mesa, CA 92627

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