16321 Pacific Coast Hwy - Bar FOR SALE


Sunset Beach, CA 90742
$3,250,000 USD
562-283-8107
16321 Pacific Coast Hwy, Sunset Beach, CA for Sale
$3,250,000 USD
Bar - FOR SALE
1/39
null | Request Cap Rate

16321 Pacific Coast Hwy
Sunset Beach, CA 90742


HIGHLIGHTS

  • Transferable Type 48 Liquor License and Entertainment License included
  • Located on high traffic corner in popular local and tourist area of Sunset Beach, one block from the beach
  • Iconic, well-known bar popular for its friendly bartenders, pool tables and inexpensive cocktails and beers

OVERVIEW

EXECUTIVE SUMMARY – TURCS COCKTAILS | SUNSET BEACH TROPHY BAR & REAL ESTATE Rare opportunity for owner-user or investor to acquire an iconic bar asset with the land, building, business, and liquor license included in the heart of Sunset Beach. “Turcs Cocktails” is a long-established neighborhood bar (est. 1955), historically frequented by locals and coastal visitors alike, located just steps from the sand at the signalized corner of Pacific Coast Highway & Anderson St. The offering consists of a mixed-use property on a 6,077 SF double lot with a 2,496 SF two-story building and on-site parking – a significant differentiator in Sunset Beach. The first floor comprises approximately 1,900 SF of bar area, plus a 271 SF outdoor patio, while the second floor includes a 596 SF 1-bed/1-bath “studio-style” apartment, providing additional income or potential owner/manager housing. The sale includes the fee simple interest in the land and building, business, goodwill, FF&E, a transferable Entertainment License, and a coveted Type 48 Liquor License. The property features its own dedicated parking lot with approximately 11 striped stalls including 1 ADA space. With its strong existing brand, long operating history, and fully entitled bar use, this asset presents a compelling opportunity to continue the current operation or implement a value-add strategy in one of Coastal Orange County’s most supply-constrained submarkets. INVESTMENT HIGHLIGHTS Iconic Coastal Bar + Real Estate Long-standing bar business with over 65 years of operating history in Sunset Beach, including land, building, business, and licenses in a single purchase. Prime Corner Location Highly visible signalized hard corner at Pacific Coast Highway & Anderson, just steps from the beach, benefiting from both commuter and tourist traffic. Mixed-Use Improvements Approx. 2,496 SF two-story building on a 6,077 SF double lot including: ~1,900 SF first-floor bar area ~596 SF 1-bed/1-bath apartment on second floor ~271 SF outdoor patio area On-Site Parking (Rare in Submarket) Private surface parking lot with ±11 stalls including 1 ADA stall, a major competitive advantage in Sunset Beach. Type 48 Liquor License & Entertainment License Highly coveted Type 48 License (no food requirement; hard liquor, beer & wine service permitted to 2:00 a.m.; on-premises liquor/beer/wine and off-premises beer & wine) plus a transferable Entertainment License – both included in the price. Turnkey FF&E & Operational Infrastructure Full bar, TVs throughout, pool tables, firepits, jukebox, and other FF&E included, supporting a seamless transition for a new operator. Long-Term Family Ownership First time available in decades; family-owned for 40+ years with strong goodwill and established customer base. Value-Add Potential Opportunity to further professionalize operations, enhance programming/branding, and optimize use of the apartment and patio to drive additional revenue (subject to Buyer’s due diligence and local regulations). OFFERING PROCESS & ACCESS TO FINANCIALS Financial information is available upon receipt of a signed NDA. Buyer to provide Proof of Funds with any offer. For NDA submission, Offering Memorandum, additional information, or to schedule a tour, please contact: Kathie Sitton DRE #00980073 Phone/Text: (714) 864-1405 Property Tours: Tours are generally conducted on weekdays between 10:30 a.m. and 12:00 p.m. and require 24 hours’ notice to tenants.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,302 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

Freestanding, Restaurant, Storefront Retail/Residential

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 SittonCompassMore Info
562-283-8107

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

Kathie SittonCompassMore Info
562-283-8107

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