For Sale Prime Santa Ana Development Site: Drive-through or Housing
3502 W 1st St
Santa Ana, CA 92703
Highlights
- Perfect for Owner-User or Developer
- Restaurant with Rare Drive-Through
- Over 30,000 Square Feet of Upzoned Commercial Land for Development
- In-Place Income from Short-Term Lease
- Prime Santa Ana Corridor Connecting to Downtown and Major Freeways
- Over 30,000 Cars Per Day
Description
Incredible opportunity to renovate a rare drive-through restaurant with a huge parking lot located in a strong demographic area. The buyer has the option to either update the Property or redevelop it for a national restaurant brand. The Property is also well suited for residential development with strong area demand for housing and a supportive municipal government.
Santa Ana is close to an international airport and major freeways and is the county seat of Orange County, which has a diverse and powerful economy. Santa Ana is home to nearly 25,000 businesses, including small businesses, major corporations, and a Fortune 500 company. The city's General Plan provides long-term policy direction to guide development sensitive to the existing context and reflects the community's vision for the future. The city also has a "fast-track" process for residential development which makes this a top choice location for developers. In particular, the property sits on First Street, a prime corridor in Santa Ana with direct access over the Santa Ana River and downtown Santa Ana. First Street also connects with Westminster and other western neighborhoods and has on-ramps with the 405 and the 5 Freeways.
