The subject property is a ±1.0 acre industrial yard located just east of Main Street and north of Collins Ave. in the city of Orange. Zoning on this site is M-2 Industrial Manufacturing. The M-2 district is intended to provide for the continuation and development of heavy manufacturing industries in locations where they are compatible with and will not adversely impact adjacent land uses. Sample M-2 uses include contractor’s yards, auto related uses, production/wholesale uses and storage uses. This site has no major street frontage although access is provided both from Collins Ave (from the south) and from Enterprise Street (from the east). Currently the site is occupied by five separate tenants who are all on shorter term leases. Average industrial rents in Orange County are among the highest of all major markets in the US and demand for industrial land continues to be strong in light of the low vacancy environment.
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