631-420-0044
2711 E Coast Hwy, Corona Del Mar, CA for Sale
Storefront Retail/Office - FOR SALE
1/23
null | Request Cap Rate

2711 E Coast Hwy
Corona Del Mar, CA 92625


HIGHLIGHTS

  • Located just south of the MacArthur Blvd./Pacific Coast Hwy. intersection & in one of Orange County’s most prestigious communities
  • Near iconic destinations including the Fashion Island Mall, Corona del Mar State Beach Park & the scenic observation points in Newport Beach
  • Exceptional visibility & access with traffic counts of over 50,000 VPD
  • Average HHI of +$205,000 within 1 mile, with an average home price of +$4M
  • Surface & underground parking

OVERVIEW

Hilco Global is accepting offers for this highly-visible mixed-use asset. Located in the heart of Corona del Mar, the Masters Building is a two-story, 13,600± square foot building with a mix of retail and office tenants. Built in 1960 and recently renovated in 2018, this site offers exceptional visibility, benefiting from traffic counts of 50,000+ VPD and proximity to key attractions, like the Fashion Island Mall, Newport Harbor and Corona del Mar State Beach. While these premier destinations serve as popular tourism demand drivers, they are also surrounded by an exceptionally affluent one-mile trade area, with average household incomes of $205,000, $4M+ average home values and a population exceeding 11,200. Backed by a highly desirable demographic base, this property offers strong visibility through sustained activity from local residents and visitors. Corona del Mar, California, is an affluent coastal village located within the city of Newport Beach. Known for its picturesque ocean views, upscale residential neighborhoods and vibrant village atmosphere, this area is often referred to as the “Crown of the Sea.” It features dramatic bluffs overlooking the Pacific Ocean, pristine beaches and scenic tide pools. The city offers a walkable mix of boutique retail, fine dining, cafés and essential services, primarily centered along Pacific Coast Highway and Bayside Drive. Corona del Mar is characterized by strong demographics, high household incomes and a desirable coastal lifestyle, making it one of Southern California’s most sought-after communities. Its central Orange County location provides convenient access to Fashion Island, John Wayne Airport and major freeways, while maintaining a relaxed, seaside charm. On-site inspections will be held by appointment only. Hilco Global in cooperation with Hilco Real Estate CA, Inc., Lic. #2104676.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Master's Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Storefront, Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1963

SPRINKLERS

-

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

GC - Commercial Corridor

APN/PARCEL ID

459-171-12,459-171-13

ASK ABOUT THIS PROPERTY

Jamie CoteHilco GlobalMore Info
631-420-0044

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Jamie CoteHilco GlobalMore Info
631-420-0044

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