2513 W 1st Street,  Santa Ana CA, 92703

This strategically located industrial-commercial development property in the heart of Santa Ana is now available. The low cost basis should provide significant upside after development and lease out of a new building. (The city plan shows zoning for light industrial and the owner reports that it may also allow commercial development of 6+ stories.) The expansive 30,055 square foot lot currently boasts two single-story buildings totaling 5,414 square feet. It is currently configured with 9-units that are approved as transitional housing, ensuring immediate income while a new buyer goes through the entitlement process. However, the true value of the property lies in its future potential under the City of Santa Anas West Santa Ana Blvd Specific Plan, which has this property zoned as FLEX-1.5 (Low-Industrial/Flex). This zoning opens doors to many potential uses, including, light industrial, office-industrial flex spaces, small-scale clean manufacturing, R&D, commercial retail, live-work units and more. The FLEX-1.5 zoning permits a maximum height of 3-stories and a generous 1.5 FAR (Floor Area Ratio). This should allow for approximately 45,000 buildable square feet and/or up to 30 dwelling units per acre, unlocking incredible value and flexibility for future development. Dont miss this opportunity to acquire a central Orange County industrial-commercial development property before its too late!***The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by The Firm Real Estate Services Inc. Buyers and other parties in receipt of this information should independently confirm the accuracy of the information through their own due diligence and determine suitability of the property for their needs.