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Building for Conversion to Residential (Orange County)


Ad Type:   Wanted
   Posted:   2015-06-18, 10:40PM

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100,000 square foot multistory downtown building approved to be converted to residential use. No maximum density other than meet health and safety standards. Location is moderate income but clean and safe. Open floor plans with high ceilings and city-wide panoramic views. Includes gated and attached parking structure for +- 220 cars that appears sturdy enough to support a swimming pool and outdoor recreation area. Best way to be cost effective would be to build it out with private bedrooms, a cafeteria, gym, visitor area, doctor’s offices, etc. without disturbing the structure. The purchase price is estimated to be less than $75 per square foot. Distress sale so I receive nothing from the seller, so buyer pays 2% commission.

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