16655-16659 Pacific Coast Hwy - Commercial LAND FOR SALE


Sunset Beach, CA 90742 5,663 SF
$1,500,000 USD
310-652-8353
16655-16659 Pacific Coast Hwy, Sunset Beach, CA for Sale
$1,500,000 USD
Commercial LAND - FOR SALE
1/6
5,663 SF

16655-16659 Pacific Coast Hwy
Sunset Beach, CA 90742


HIGHLIGHTS

  • Seller will carry for 10 years with 30% down at 7% interest, amortized over 25 years!
  • Corner lot in major commercial artery visible to an estimated 43,500 vehicles per day
  • Plans for a three-story multi-unit restaurant and townhome development

OVERVIEW

Beachside Land Development w/Approved Plans – Ideal Restaurant & Mixed Use. Seller will carry for 10 years with 30% down at 7% interest; amortized over 25 years! This beachside Sunset Beach property includes 5,635 square feet of prime real corner real estate on Pacific Coast Highway in the center of Seal Beach, adjacent to the greenway and beach entrance. The 2-lot parcel boasts approved plans for a three-story multi-unit restaurant and townhome development. The plans are for a 5,968 square feet restaurant space with a 545 square feet outdoor patio and ground level parking lot for 12 autos. The plans include allocated space for a three story, 1,716 square foot townhome with an 825 square foot rooftop deck and a separated 364 square feet 2 car garage. This overall property is 0.13 acres (5,635 square feet ) on the corner of both Pacific Coast Highway, 18th Street, and North Pacific Avenue, adjacent to the greenway. The restaurant has received an ‘approval in concept’ and ‘conditionally approved’ conditional use permit (CUP) for a Type 47 Liquor License for food and liquor sales. Sunset Beach is a popular beach town with Pacific Coast Highway as its central artery. This commercial corridor is visible to an estimated 43,500 vehicles per day, in an area with a $200k typical household income in a 1-mile radius of the proposed restaurant site. The town has several competing dining and entertainment options. Those with high visibility, onsite parking, convenient access on the beach side of Pacific Coast Highway, and liquor licenses with outdoor patios tend to have a competitive advantage over those without such attributes.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$11,538,054/AC

PRICE/SF

$265 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Apartment Units, Restaurant

LAND ACRES

0.13 AC

LAND SF

5,663 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Irrigation

ZONING

SP-17

APN/PARCEL ID

178-523-09

ASK ABOUT THIS PROPERTY

Michael WildeveldThe Veld GroupMore Info
310-652-8353

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Michael WildeveldThe Veld GroupMore Info
310-652-8353

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