412-414 Walnut Ave - Storefront FOR SALE


Huntington Beach, CA 92648- Downtown Huntington Beach
$4,651,000 USD
949-229-2273
412-414 Walnut Ave, Huntington Beach, CA for Sale
$4,651,000 USD
Storefront - FOR SALE
1/26
null | 4.85% Cap Rate

412-414 Walnut Ave
Huntington Beach, CA 92648
Downtown Huntington Beach


OVERVIEW

Coastal Commercial is pleased to offer for sale 412–414 Walnut Avenue, a historically significant and irreplaceable asset located in the City of Huntington Beach. The property consists of a 4,408 square foot, two-story building situated on a 3,520 square foot lot in a premier coastal location just one block from the iconic Huntington Beach Pier and the Pacific Ocean. The 2,568 square foot ground floor is currently leased to 25 Degrees, a well-established tenant paying $155,290 annually on a NNN basis, with 3% annual rent increases. The lease extends through October 31, 2035, providing stable, long-term income. The 1,840 square foot second-floor office is occupied by Capital Investment Network, Inc., owned and operated by the Seller. Upon closing, the seller will execute a new two-year NNN lease at $77,280 annually, ensuring additional in-place income. Originally constructed in the late 1920s by a local physician, this two-story brick building carries a rich and storied history. The property initially featured two ground-floor retail spaces with professional offices above and, for a period, served as the Justice of the Peace and courthouse for the area. Over the decades, it has been home to a variety of notable local businesses, including McIntosh Electric (circa 1927), HB Auto Supply (1933), Stella’s Coffee Shop in the late 1930s, and P&W Café in the 1940s. In 1976, its longest-standing tenant, Mazzotti’s, consolidated the ground floor into a single space. More than just a premier coastal investment, 412–414 Walnut Avenue represents a rare opportunity to acquire a legacy asset with deep historical roots in one of Southern California’s most desirable beachfront communities. Comprehensive historical documentation is available upon request.

FOR SALE DETAILS

PRICE

$4,651,000 USD

PRICE/SF

$1,055 USD /SF

CAP RATE

4.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

SP, Huntington Beach

APN/PARCEL ID

024-147-09

ASK ABOUT THIS PROPERTY

Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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