16321 Pacific Coast Hwy - Bar FOR SALE


Sunset Beach, CA 90742
$3,450,000 USD
562-495-6070
16321 Pacific Coast Hwy, Sunset Beach, CA for Sale
$3,450,000 USD
Bar - FOR SALE
1/24
null | Request Cap Rate

16321 Pacific Coast Hwy
Sunset Beach, CA 90742


HIGHLIGHTS

  • Iconic, Legendary Bar in prime beach location. 1st time it's been available for purchase in over 40 years.
  • Type 48 Liquor License with transferable Entertainment License
  • Mixed use property, 1st floor bar, 2nd floor 1 bedroom, 1 bath apartment. Opportunity for development!

OVERVIEW

This property is a mixed-use gem located in a prime Sunset Beach location, on a 6,077 SF lot at the corner of Pacific Coast Highway and Anderson. The 2,496 SF ivy-covered, two-story building houses the legendary TURCS Cocktails, once a favorite spot of John Wayne and his close friends. The building features a 1,900 SF first-floor bar area and a 596 SF apartment upstairs with one bedroom and one bath. Additionally, there is a 271 SF enclosed patio that leads into the bar. The upstairs apartment is a surfer’s dream, offering a peek-a-boo ocean view from the kitchen and a large outdoor deck with a corner ocean view, perfect for summer barbeques and sunset cocktail parties. The $3,450,000 purchase price includes the land, building, business, goodwill, FF&E, a fully transferable Entertainment License, and the highly coveted Type 48 Liquor License. Inventory is not included in the purchase but can be negotiated separately. The property boasts its own parking lot, a rarity in Sunset Beach, offering approximately 11 parking spaces, including one ADA-compliant space.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$1,382 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bar

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

SP-17

APN/PARCEL ID

178-511-20

ASK ABOUT THIS PROPERTY

Kathie SittonColdwell Banker Commercial BLAIRMore Info
562-495-6070

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Kathie SittonColdwell Banker Commercial BLAIRMore Info
562-495-6070

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.