Development Opportunity: 1,750 SF to 3,500 SF
High Street Retail, Restaurant Bar and Live Entertainment
Development Opportunity: 1,750 SF to 3,500 SF
High Street Retail, Restaurant Bar and Live Entertainment
OPPORTUNITY/SITE DETAIL
Opportunity (in order of preference)
1. Site Lease (long-term). 20+ Years with additional Renewal Option Periods.
2. Joint Venture with established Restaurant Group. No Start Ups.
3. Joint Venture with established Co-Development Entity.
4. Sale.
Property Details:
Lot: 2500 SF (25x100)
Power: new SCE Transformer to be placed on-site behind existing building in 2024. Sufficient power for all high draw uses. All easements executed and recorded.
Water/Sewer: Yorba Linda Water District. YLWD increased size/capacity of rear alley sewer line 2023/24 to accommodate all high intensity uses.
Building Age: 1939. Anticipated full remodel/demo re-build.
Location: Historical Main Street. Coveted Downtown Location.
Historical: HASR report - deemed not significant.
Parking: Existing two exclusive parking spaces behind building and two parking stalls in YLTC Garage. Parking deficiency can be fully covered by participation in the Town Center In-Lieu Parking Program (YLTC Garage) with a fee per car.
Neighbors
1 The highly successful Terra Restaurant located directly across Main Street. Two stories with patio dining on both levels.
2 The Artisan (+/- 3600 SF) by Terra Restaurant approved for development directly adjacent, fully permitted. 2024 construction start.
3 Clydes Hot Chicken with drive-thru/roof top patio dining/full alcohol opened 2023. Located ½ block east.
4 Evans BBQ on Main Street approved for dining full brick/mortar restaurant in 2023. Located 1 block north planned. 2025 construction.
5 Broken Yolk Restaurant Approved for full dining/rooftop patio in “Historic Hardware Store” at Main/Imperial Hwy. Fully permitted. 2024 construction start.
6 Former Main Street Restaurant (+/- 4000SF, inc patio) sold early 2023. New Ownership reportedly planning a Restaurant. Sale included full liquor license.
7 Major League Properties Owners have Approvals for new 1800 SF Restaurant on Arroyo. Located ½ block east. 2024 construction start.
8 4881/4885 Main Street - adjacent building in escrow. Potential +/- 5000 SF restaurant/2000 SF patio).
9 Yorba Linda Town Center: Bristol Farms, Regal IMAX Cinema, Blind Pig, Peet’s Coffee, Café Rio, Habit Burger, Blaze Pizza. ½ block east.
10 In N Out Burger - New double drive-thru restaurant. Opened early 2022. INOB paid $5mm for the land only.
Zoning: Yorba Linda Old Town Specific Plan (with City Conditional Use Permit)
Development Potential
-35’ Height Limit. Maximum 3 Stories.
-Alcohol and Spirits allowed by YLOTSP zoning right.
-Live Entertainment allowed in YLOTSP.
-City Sidewalk can be used for Patio Dining.
-Possible elevated patio above and over City Sidewalk.
(YL Planning Commission and City Counsil Approvals required).