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Listed by Kenneth Guziak • Coldwell Banker Realty
$ 2,550,000
Est. payment | /mo
$ 2,550,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID LG-25012294
Year Built 1950
Property Sub-Type Retail
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Located in the heart of South Laguna overlooking Table Rock Beach, this unique ocean-view property fronts Pacific Coast Highway, is highly visible, and has served as a successful restaurant space for years (Thai by the Sea). Consisting of two adjacent parcels, the property encompasses two separate structures, plus parking for 5 or 6 cars. The front structure is a 2-level remodeled restaurant space directly on Coast Highway, with kitchen area, bathroom, indoor and outdoor customer seating at street level (~1255 sf), plus additional bathrooms, storage and laundry space underneath (~300 sf). Further, the crawlspace underneath could be improved for additional retail/restaurant space (~900 sf unfinished). The rear structure is a remodeled single-level "studio" which can serve as additional restaurant space, or an entirely separate retail space such as a boutique or yoga studio (~400 sf). The two structures are separated by a private, gated, landscaped, flat, decomposed-granite courtyard which may also serve as additional eating space. Improvements include new flooring and vaulted ceilings, new bathrooms, doors and windows. South Laguna is an up-and-coming village neighborhood that embodies the original "true Laguna" vibe and beach culture. Wine and beer license are transferable to the new owner.
Location
State CA
County Orange
Area Sl - South Laguna
Zoning COM
Interior
Laundry Individual Room
Exterior
Utilities Available Sewer Connected, Electricity Connected
Building
Lot Description Walkstreet, Yard, Landscaped, Level with Street, Corner Lot