Property Overview 1322–1324 North Coast Highway presents a rare opportunity to acquire a premier mixed-use coastal asset in the heart of downtown Encinitas. Positioned along the iconic Highway 101 corridor and just steps from world-renowned beaches, the property combines an irreplaceable location with existing hospitality entitlements, flexible N-CRM-1 zoning, and a compelling basis relative to recent comparable sales. Offered at an acquisition cost approximately 40-50% below recent building square foot comparables, the property provides immediate value while positioning future ownership to capitalize on one of Southern California's most supply-constrained coastal markets. The existing hospitality use represents a significant strategic advantage, offering an entitlement that would be challenging to recreate under today's regulatory environment. The property's two-building configuration, connected by a shared courtyard, creates exceptional flexibility for future ownership. Whether maintained in its current form or thoughtfully repositioned through adaptive reuse, the site is uniquely suited for a complementary mix of hospitality, food and beverage, retail, wellness, or residential uses permitted under its mixed-use zoning. This combination of location, existing improvements, and zoning flexibility offers a rare opportunity to create an experience-driven destination in one of Southern California's most desirable beach communities. Opportunities of this caliber rarely become available along North Coast Highway 101. For investors, owner-users, and hospitality operators alike, 1322–1324 North Coast Highway represents the convergence of below-market acquisition basis, valuable existing entitlements, and long-term redevelopment potential in an irreplaceable coastal setting.