Red Hill Ave - 2.6 & 6.8 Acres for Educational Uses
2.6 - 6.8 Acre Commercial Land Lots in Tustin, CA 92780
![Red Hill Ave, Tustin, CA for sale - Site Plan - Image 1 of 3](https://images1.loopnet.com/i2/dKQS42Q1VDS7VYKn0aSOJ6aSDQO7E2DQkqNP_E85qbk/110/Red-Hill-Ave-Tustin-CA-Site-Plan-1-Large.jpg)
![Red Hill Ave, Tustin, CA for sale - Site Plan - Image 2 of 3](https://images1.loopnet.com/i2/vo_ifk0Di7MahH0lXBsv-kNVooq3yeOWnFt5zz3IAxc/110/Red-Hill-Ave-Tustin-CA-Site-Plan-2-Large.jpg)
![Red Hill Ave, Tustin, CA for sale - Site Plan - Image 3 of 3](https://images1.loopnet.com/i2/9FwNu6YLfGJMgm-JyLIByOKrkhGD1-BsDF93W9iaa4w/110/Red-Hill-Ave-Tustin-CA-Site-Plan-3-Large.jpg)
INVESTMENT HIGHLIGHTS
- Land for Educational Development
- Long-Term Ground Lease Up to 99 Years
- Bull's-Eye Orange County Location
- Can Build Up to 6 Stories
- Development-Ready Parcels
- Website Link: www.ATEPland.com
EXECUTIVE SUMMARY
Two parcels; 2.6 & 6.8 Acres. Land Site Zoned for Educational Uses. All street/utilities infrastructure completed. Development-Ready. Can go up to six stories; high FAR possible. Offering Ground Lease Opportunities up to 99 years. Possible Option to Buy in 2034. Base Year Ground Lease Rate Range: $118,000 to $140,000/acre/year. Level and clear site. Outstanding demographics. Across the street from new 31-acre public sports complex and community park. Bull's-eye Central Orange County Location. Part of Tustin Legacy; the 1,606-acre mixed-use community. The Project is the Advanced Technology & Education Park ("ATEP"). Minutes from John Wayne Airport and Metrolink Rail Station. Close to I-5, CA-55 & I-405 freeways. Gateway to the Pacific Rim.
PROPERTY FACTS
Sale Type | Investment |
Sale Conditions | Ground Lease (Leasehold) |
No. Lots | 2 |
Property Type | Land |
Property Subtype | Commercial |
Proposed Use | Schools |
Total Lot Size | 9.40 AC |
2 LOTS AVAILABLE
Lot 2
Lot Size | 6.80 AC |
Lot 3
Lot Size | 2.60 AC |
1 of 1
PROPERTY TAXES
Parcel Number | 430-283-23 | Improvements Assessment | $0 |
Land Assessment | $217,939 | Total Assessment | $217,939 |
ZONING
Zoning Code | SP 1 - Tustin Legacy (Educational Uses Allowed by Right) |