In a city known for its mix of business and residential areas, a rare opportunity has surfaced for those looking to make a strategic move in both commercial real estate and business.
A freestanding Spanish Mediterranean-style building is now on the market, spanning roughly 22,000 square feet, listed at $15,375,000 ($699 per square foot). The price is notably lower than what it would cost to replace, offering a chance for savvy entrepreneurs to see both immediate and long-term returns.
Located on a 1.67-acre corner lot, this property stands out with its impressive street presence and proximity to well-established retail brands like Trader Joe’s, Target, Cinepolis, Starbucks, and more. It’s also situated between high-end neighborhoods such as Coto de Caza, Dove Canyon, and Robinson Ranch, further enhancing its appeal for businesses seeking a foothold in a growing area.
But what makes this property particularly interesting isn’t just its location—it’s the flexibility it offers.
The current owner has arranged for 24-Hour Fitness to remain in the building, paying below-market rent for up to a year. This gives the new owner the benefit of income generation during the transition period while they prepare the property for their own use or secure the necessary permits for a future project.
Perhaps the most compelling aspect of this opportunity is the potential to own a building that can serve both as a business space and an investment vehicle. The property is zoned CG (Commercial General), offering wide-ranging possibilities—medical, office, or retail uses are all on the table.
Its shared parking arrangement adds even more flexibility, making it easier for future tenants to adapt to the space.
For the owner-user, the property also meets SBA loan eligibility requirements. This means an entrepreneur could finance the purchase with a 25-year, fully amortized loan at 90% of the purchase price, providing a cushion against rising lease rates and interest rate shifts.
Owner-users can also partner together to take advantage of a collective SBA loan and convert business income to real estate income sheltered by depreciation. These partners can then potentially put a condo map on the building to exit as individual owners.
Today’s business owners are increasingly looking for ways to protect themselves from rising costs. Securing a commercial property that works as both an investment and a business location is an opportunity that doesn’t come around often.
For those with an eye on the future, this property could be the next step in building a business and a real estate portfolio.
Interested in seeing more details, pricing comparisons, and the full potential of this property? Contact Economos DeWolf today at 949-576-2750 or via economosdewolf.com.