214 E Orangethorpe Avenue, Placentia, CA 92870

About this property

Great opportunity to invest in large re-zoned parcel located in Opportunity Zone! 36,500+ square foot Lot in the city of Placentia! Flat, rectangular shaped Lot is located on main thoroughfare with quick access (approx 1/2 mile) to 57 freeway and 91 freeway interchange, this location offers great public visibility! Some possible uses for this parcel include: Appliance repair; Distribution or wholesaling; Equipment sales and service; Furniture and major appliance sales; Glass shops; Home furnishing sales; Home improvement centers; Light manufacturing compatible with other permitted commercial uses; Offices including financial institutions, real estate and insurance firms, medical and dental offices, travel agencies and other general office uses. Lot currently has 2 original single-family residences on the land but is a single parcel. Once two separate Lots, they were combined into one parcel at the time of original sale. Since then, the Lot has been re-zoned Commercial-Manufacturing. The value of this parcel is in the land as a result of re-zoning. First time on market since original owner purchase.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$2,650,000

Sold April 2023 · listed $3,000,000, on market January 2023 · MLS #PW23007600 · Source: CRMLS

Listing Agent: Cynthia Castiglia · Listing Office: Keller Williams Realty · Contact: 714-348-7114 · Bought with: John Penner · Penner & Associates, Inc.

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