6
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$4,950,000
Est. payment /mo
6,972 SqFt
Active
31678 Coast Hwy Laguna Beach, CA 92651
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,972 sqft
Price per Sqft $709
MLS Listing ID 25522119
Year Built 1948
Lot Size 10,018 Sqft
Acres 0.23
Property Description
6,972-SF Multi-Tenant Retail Building Steps From the Pacific Ocean. Asking Price of $4,950,000 $710/sf (4.4% cap rate, proforma cap of 6.2%). PCH frontage with a rare private parking lot providing 11 exclusive stalls. Two retail tenants on 1st floor and US Postal Service on entire 2nd floor. Owner user potential: 2,250 SF is MTM (1/3rd of building). Laguna Beach regularly exceeds $600M in annual retail sales. New ordinance allowing up to 3,822-SF of residential on the 2nd floor. Exceptionally high household incomes and robust consumer spending.
Location
State CA
County Orange
Area South Laguna
Exterior
Garage Spaces 11.0
Building
Story 2
Others
Special Listing Condition Standard
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by Economos Dewolf, Inc.