Costa Mesa, CA 92626,0 Bristol
Costa Mesa, CA 92626,0 Bristol
Costa Mesa, CA 92626,0 Bristol
Costa Mesa, CA 92626,0 Bristol
Costa Mesa, CA 92626,0 Bristol
Costa Mesa, CA 92626,0 Bristol
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$1,100,000

$1,200,000

8.3%
Est.Price: ?

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Est. payment /mo

0.43 Acres Lot


SOLD DATE : 08/28/2024

Key Details

Sold Price $1,100,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID PW24120147

Sold Date 08/28/24

HOA Y/N No

Lot Size 0.433 Acres

Property Description

The subject property is a ±0.43 acre parcel of land located on Bristol Street in the city of Costa Mesa one block south of Bear Street and
the 73 freeway. This site is rectangular in shape and measures approximately 50’ wide by 385’ deep. The site is completely paved over and is striped as a parking lot although it is not being utilized at the current time.

The property is zoned Commercial Limited (CL) and has a General Plan Land Use designation of General Commercial. The CL zoning district is intended for unique areas of land which, due to the proximity of residential development or the potential for traffic circulation hazards, require special precautions to be taken to assure appropriate development.

In November of 2022, the voters of the city of Costa Mesa passed a revitalization ordinance known as Measure K. The Measure K ordinance provides for housing options and revitalization along specific key corridors within the city. This property falls within one of the very few Measure K designated corridors in the city.

The site is located on the small stretch of Bristol Street that is bounded by the 73 freeway to the north and the 55 freeway to the south. Bristol Street is a major arterial through the city which means that it is a six-lane divided roadway with a raised median. Neighbors to the south include office/retail buildings, the neighbor to the north is a small apartment building and the neighborhood to the west is all detached single-family homes.

Parcels of unused or underutilized land are very difficult to find in the city of Costa Mesa, especially those with frontage along a major arterial such as Bristol Street. This site has been listed for sale at a price of only $63.56 per square foot.

Location

State CA

County Orange

Area 699 - Not Defined

Zoning CL

Interior

Fireplace No

Exterior

Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Building

Lot Description Level, Paved, Value In Land

Water Public

New Construction No

Others

Senior Community No

Tax ID 41818111

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Matthew Wenzel • Marcus & Millichap • 714-875-2878
Bought with General NONMEMBER • NONMEMBER MRML

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Jeff Lemen

REALTOR® | Lic# 01314776

+1(310) 892-6005

11911 San Vicente Blvd # 200, Angeles, CA, 90049

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