1122 E Lincoln Avenue 213, Orange CA, 92865

Active

1122 E Lincoln Avenue 213

Orange CA, 92865

$495,000

$493.52 per sqft

Active

1,003 sqft

Commercial

Built in 1984

Listed by Tony Scafidi with Rigel Capital 760-813-3777

FOR SALE. An excellent investment, income-producing opportunity with great return. Rare opportunity to purchase a professional office condo, occupied, within the 40+ commercial condominium building known as the Lincoln Professional Center in Orange, CA. The building is beautifully maintained, right off the I-91 & I-55 freeway interchange with several levels, elevators and garden-style construction and architecture. The Class B building was built in 1984 with ample parking, over 40 condos of mixed uses comprising of medical and professional services, all professionally managed. Nearby retail, residential and other professional services.
Condo #213 is +-1,003 square feet, located on the second floor on the outside level with 2 private offices and 3 separate rooms with common doors in between. The Condo has updated flooring, paint and great natural lighting. The Condo is conveniently located right next to the common restrooms, staircase to the bottom floor, and the parking lot.
The tenant is long-term with initial lease expiring in 2032 with an option to extend thereafter. Annual increases allow for 3% increases to rent with all utilities paid by tenant. Call Agent for additional information.

HD24083205

MLSⓇ ID

April 26, 2024

Listed

May 2, 2024

Updated

Map

1122 E Lincoln Avenue 213
Orange CA, 92865

Interior Features

Total Stories: 3
Laundry Description: None
Fireplace: No
Cooling: Yes
Cooling Description: Central Air
Heating: Yes
Heating Description: Central

Exterior/Building Features

Lot Size: 1.31 Acres
Lot Features: Level
Roof: Flat

Other Property Details

Area Name: 72 - Orange & Garden Grove, E of Harbor, N of 22 F
Taxes: $3,577
Tax Frequency: Annually
Days on Market: 5
Garage: No
View: No
County: Orange
Water Source: Public
Pool: No
Buyer Agency Compensation: 3%

Listing Contact: 760-813-3777

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 5/2/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 5/2/2024 at 1:44 AM UTC