30622 Coast Hwy - Restaurant FOR SALE
Laguna Beach, CA 92651 |
$12,315,000 USD
858-373-3184
30622 Coast Hwy
Laguna Beach, CA 92651
HIGHLIGHTS
- Prime Coastal Location with Exceptional Long-Term Development Potential – High Barriers to Entry - Excellent visibility & heavily traveled corridor.
- Iconic Ruby’s Diner on the Historic Pacific Coast Highway, Laguna Beach, CA - 35 Year Historical Occupancy - Absolute Net Ground Lease.
- Densely Populated and Highly Affluent Area: Features an Average Household Income of more than $179k (more than twice the National Average).
- Directly across from Montage Laguna Beach - a luxury oceanfront resort with stunning coastal views, elegant accommodations, and upscale amenities.
- Generational investment opportunity in a highly desirable area.
- The area is dotted with high-end boutiques and galleries, making it a hotspot for luxury shopping.
OVERVIEW
Prime Coastal Location | Absolute Net Ground Lease | 35+ Year Historical Occupancy | Long-Term Development Potential | Generational Opportunity Iconic Diner Along the Stunning Pacific Coast Highway in a Prime, High-Traffic Laguna Beach Destination | Directly across from Montage Laguna Beach - a Luxury Oceanfront Resort with Stunning Coastal Views, and Elegant Accommodations | Exceptional Long-Term Development Potential in a High-Barrier to Entry Market with Prime Visibility | Rooftop patio, with scenic views overlooking Victoria Beach and the Pacific Ocean
FOR SALE DETAILS
PRICE
$12,315,000 USD
PRICE/SF
$2,807 USD /SF
CAP RATE
3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
TROPHY OPPORTUNITY IN LAGUNA BEACH
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
ADD'L SUBTYPES
Fast Food, Freestanding, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.88 AC
LAND SF
38,333 SF
ZONING
-
APN/PARCEL ID
656-191-05
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858-373-3184
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Please correct the highlighted field(s).
858-373-3184
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