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.