512 W 19th St - Restaurant FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$2,600,000 USD
949-229-2273
512 W 19th St, Costa Mesa, CA for Sale
$2,600,000 USD
Restaurant - FOR SALE
1/12
null | 6% Cap Rate

512 W 19th St
Costa Mesa, CA 92627
Downtown Costa Mesa


OVERVIEW

Coastal Commercial is pleased to offer for sale a fee simple interest (land and building) well-located, single tenant NNN leased restaurant and bar property in the heart of Costa Mesa, CA. The tenant just executed a brand new 5-year lease term with 3, 5-year options to renew the lease at Fair Market Value. The restaurant currently operates with a full liquor license. The subject property consists of 4,800 square foot building split into two spaces. There is a 3,200 square foot space which contains the main dining area, full kitchen, bar, and 2 restrooms. There is also a separate 1,600 square foot adjacent space currently being used for additional restrooms, catering and events, and storage. The layout allows the tenant flexibility for future use changes. The lot size is approximately 12,100 SF with 16 parking spaces on premises. The property has been a restaurant use for over 30 years. The subject property is located conveniently close to the 55 Freeway just off of Harbor Boulevard and 19th Street. The busy corridor is surrounded by bustling retailers such as: 24 Hour Fitness, CVS Pharmacy, Grocery Outlet, Yard House, Sevilla, Time Nightclub, Buffalo Wild Wings, and many more located within the Triangle Square Restaurant and Entertainment complex. The subject property offers an investor an opportunity to purchase a well located single tenant NNN property with no management. The property is appealing to a passive investor or 1031 exchange buyer.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$542 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

C2

APN/PARCEL ID

422-103-14

ASK ABOUT THIS PROPERTY

Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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