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$ 4,950,000
Est. payment | /mo
6,972 SqFt
$ 4,950,000
Est. payment | /mo
6,972 SqFt
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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Listed by Economos Dewolf, Inc.