Premier C-1 Zoned Redevelopment Opportunity

$13.35M

List PRICE

C-1

Zoning


ADDRESS 17900 Brookhurst St
Fountain Valley, CA 92708
LIST PRICE $13,350,000
OWNERSHIP Fee Simple Interest
LEASE TYPE Absolute NNN Ground Lease
CURRENT NOI $119,055.16
LEASE EXPIRATION DATE 6/30/2027
OPTIONS None
LOT SIZE ±123,547 SF (±2.84 Acres)
ZONING C-1 (view details)
APN'S 169-162-01 (1⁄2 interest), 169-162-02, 169-162-06, 169-162-09, 169-162-10
OCCUPANCY 100%

Ideally suited for an owner-user or a hotel, retail, or medical office redevelopment.

This ±2.84-acre Fountain Valley site represents one of the last remaining large, contiguous redevelopment parcels in a highly supply-constrained, coastal-adjacent Orange County submarket, offering both covered land income today and substantial long-term upside. Strategically located diagonally across from MemorialCare Orange Coast Medical Center and fronting the 405 Freeway, the property benefits from strong demographics, a dense daytime population, exceptional visibility, and immediate freeway access.

The property is currently improved with a restaurant and a medical/ dental office building which have both generated stable cash flow for decades. The existing ground lease expires in 2027, providing near-term optionality to operate, reposition, or redevelop the site with in-place income helping to offset holding costs. The property benefits from flexible zoning, an infill location, expressed City suppor t for potential hotel development, and medical office use permitted by right.

Highlights

Rare ±2.84 - Acre Infill Development Site

One of the last remaining large, contiguous commercially zoned parcels of its kind in Fountain Valley.

Exceptional Freeway Visibility & Regional Connectivity

Prominent exposure and immediate access to the I-405 Freeway, providing efficient connectivity throughout Orange County and into Greater Los Angeles.

Premier Medical & Professional Services Location

Located catty-corner to MemorialCare Orange Coast Medical Center, a 260-bed, non-profit hospital with emergency, surgical, neuroscience, breast center, and affiliated medical office uses.

Affluent Demographics & Strong Daytime Population

High household incomes, elevated home values, and a significant concentration of medical and professional employment support durable long-term demand.

Reversionary Upside Through Market Recapture

Ability to recapture the site at full fair-market value upon lease expiration, while providing owner-users the opportunity to occupy, expand, or redevelop the property to suit long-term operational needs.

Multiple High-Value Development & Use Scenarios

Potential for ground-up hotel development, medical campus expansion or other commercial uses, subject to zoning and entitlements.

Coastal-Adjacent, High-Barrier-to-Entry Submarket

Minutes from Huntington Beach, Costa Mesa, John Wayne Airport, and major Orange County employment centers within a mature, land-constrained market.

Anchor Subtenants : 100% Occupancy


Location

Fountain Valley is a highly affluent, supply-constrained Orange County community offering a compelling combination of coastal proximity, strong demographics, and exceptional freeway access, making it one of the most stable and desirable commercial real estate markets in Southern California.

Strategically located along the I-405, the city provides immediate connectivity to the Orange County and Los Angeles employment corridors, John Wayne Airport, and the region’s premier coastal communities including Huntington Beach, Newport Beach, and Costa Mesa. This central positioning supports strong tenant demand and long-term rent growth across retail, medical, office, and mixed-use asset classes.

Fountain Valley is nationally recognized as a medical and professional services hub, anchored by major healthcare institutions and a dense concentration of specialty practices, outpatient facilities, and life-science users.

This employment base generates durable daytime population, consistent consumer spending, and recession-resilient tenancy.

With limited remaining developable land, high barriers to entry, and a business-friendly entitlement environment, the city exhibits constrained new supply, supporting long-term value preservation and reversionary upside. The surrounding trade area benefits from high household incomes, strong homeownership, and proximity to coastal lifestyle amenities, positioning Fountain Valley as a premier infill investment market with institutional-quality fundamentals.

43 YRs

MEDIAN RESIDENT AGE

$120k

MEDIAN HOUSEHOLD INCOME

$1.4M

MEDIAN HOME VALUE