Downtown Santa Ana 4th St - Value Add 2 biens | À vendre | 5 665 800 € | Santa Ana, CA

Marcus & Millichap is pleased to present the rare opportunity to acquire a well-positioned, two-parcel storefront retail/office property totaling 18,717 square feet on a 0.18-acre lot in the heart of Downtown Santa Ana directly across from the Ronald Reagan Federal Building and Courthouse. Offered at an attractive $6,650,000 or $355.29 per square foot, this asset presents an exciting opportunity for an owner-user, investor, or developer to secure a high-quality property in one of Orange County’s most dynamic urban districts.
Located along the bustling 4th Street corridor, the property benefits from strong visibility, heavy pedestrian activity, and proximity to some of Santa Ana’s most popular restaurants, boutique retailers, and entertainment venues. The area is supported by a thriving cultural and economic environment, making it one of the most active and desirable destinations in the county.
Accessibility is a major advantage, with excellent regional connectivity provided by the I-5, SR-55, and SR-22 freeways. The upcoming OC Streetcar, set to begin service in 2026, will span 4.15 miles with 10 stops, linking the Santa Ana Regional Transit Center to Garden Grove’s Harbor Transit Center. Additional transit options include Amtrak and Metrolink, further enhancing accessibility. The area also features highly walkable and bike-friendly streets, making it easy for employees, visitors, and customers to get around.
Adding to its appeal, the property is zoned under the recently amended Transit Zoning Code (SD-84) within the Downtown District, providing highly flexible redevelopment and adaptive reuse opportunities. Zoning permits a wide range of uses, including medical offices such as doctors, dentists, and chiropractors, as well as laboratories, medical, and analytical facilities, making the property attractive to a broad spectrum of professional users.
Residential uses are also permitted by right, including live-work configurations and multi-family dwellings. Live- work spaces must be structured as vertical mixed-use, with commercial space on the ground floor and residential above, while multi-family residential is permitted on second floors or higher above retail. These allowances offer developers and investors a streamlined path to repositioning, without the need for a Conditional Use Permit, and create multiple pathways to unlock future value.
In addition to its strong in-place attributes, the property offers significant value-add potential to further enhance cash flow and long-term returns. Approximately 6,332 square feet of basement space provides a versatile area well-suited for a variety of adaptive uses, maximizing the property’s overall functionality and value.
Furthermore, the property presents an opportunity to establish a city regulated public storage facility with designated operating hours, unlocking new income potential that contributes to both stronger performance and returns.
The property is positioned within a market experiencing significant public and private investment that continues to fuel revitalization throughout Downtown Santa Ana. With a strong daytime population, growing residential density, and a limited supply of comparable assets, the location offers long-term security and growth potential for a wide range of users.
At 18,717 square feet across two contiguous parcels and offered at a highly competitive $6,650,000, this opportunity provides exceptional value. Whether for an owner-user seeking a flagship presence, an investor targeting future upside, or a developer capitalizing on the area’s momentum, 410-412 West 4th Street presents one of the most compelling acquisitions available in today’s market.