1391 Coast Hwy, Laguna Beach, CA 92651
5,300 SF | 67% Leased | Retail Building | Laguna Beach, CA 92651 | $6,141,000 ($1,159/SF) | 4.50% Cap Rate
For Sale
Active
- Date Added:
- September 16, 2024
- Days on Market:
- 9 days
Asking Price $6,141,000
- Property Type
-
Retail
- Square Feet
- 5,300 SF
- Price / Square Foot
- $1,159
Listing Contacts
Phil Voorhees
Verified Profile
Preston Fetrow
Verified Profile
Megan Lanni
Verified Profile
- Property Info
Property Overview
* Pride of Ownership Asset – “Trophy” Laguna Beach investment opportunity with excellent hard corner visibility along South Pacific Coast Highway and surrounded by a wide variety of restaurants, boutique inns, five-star resorts art galleries, upscale services, and high end retailers
* Internet-Resistant Tenancy with Strong Local Followings – Coast Liquor Store has successfully operated at this location for nearly 70 years (since 1956). This will serve as Bear Coffee’s third store—joining its Dana Point and San Clemente locations
* Dominant Coastal Retail Hub – Immediate proximity to affluent residential density, upscale dining and hospitality some of which include, Selanne Steak Tavern, Mozambique, The Wine Gallery, Oak, The Deck, Avila’s El Ranchito, and hotels such as Surf and Sand, Montage, The Ranch, Inn By the Sea, as well as the Coast Inn Hotel (future redevelopment in process across the street) adding to the current inventory of 1,250 hotel rooms, promoting strong synergy and steady daytime and nighttime traffic to the property
* High Traffic Location – The property is location along busy CA SR-1 (Pacific Coast Highway) with over 38,700 cars per day
* Internet-Resistant Tenancy with Strong Local Followings – Coast Liquor Store has successfully operated at this location for nearly 70 years (since 1956). This will serve as Bear Coffee’s third store—joining its Dana Point and San Clemente locations
* Dominant Coastal Retail Hub – Immediate proximity to affluent residential density, upscale dining and hospitality some of which include, Selanne Steak Tavern, Mozambique, The Wine Gallery, Oak, The Deck, Avila’s El Ranchito, and hotels such as Surf and Sand, Montage, The Ranch, Inn By the Sea, as well as the Coast Inn Hotel (future redevelopment in process across the street) adding to the current inventory of 1,250 hotel rooms, promoting strong synergy and steady daytime and nighttime traffic to the property
* High Traffic Location – The property is location along busy CA SR-1 (Pacific Coast Highway) with over 38,700 cars per day
Property Details
- Class
- C
- Year Built
- 1934
- Stories
- 1
- Property Subtype
- Grocery/Convenience Store
- Lot Size (sq. ft)
- 8,712 SF
Highlights
- Dominant Coastal Retail Hub
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