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Listed by David Burwell • Wave Crest Financial Group Inc
$515,000
Est. payment /mo
Price Dropped by $85K
16821 PACIFIC COAST HIGHWAY Sunset Beach, CA 92649
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UPDATED:
11/23/2024 02:09 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC-24036101
Property Description
SUNSET BEACH, CA Located just south of Seal Beach, the community of Sunset Beach was established in 1904 and developed as a result of the 1920 discovery of oil in the Huntington Beach Oil Field. Huntington Beach officially annexed Sunset Beach in August 2011. The population of Huntington Beach, as of the 2020 census is 198,711, up 4% from 2010. Over 69% of the population is older than 25 and the average household size is 3.07 people. The Median Income for households, as of 2013, is $81,389. THE PROPERTY: The property is in a stand-alone building, on the ocean side of PCH. Traffic on PCH is estimated to be over 4,000 cars per hour on an average day. Measuring approximately 5,400 square feet, with a private parking lot that has 28 parking spaces and an additional three ADA spaces for the guests. Just steps from the sand, the restaurant features three entertainment stages, two bars, and an oversized kitchen. Sale includes full liquor license (Type 47) THE OPPORTUNITY: This restaurant is turn key, open, and operating. The restaurant is presently operating on winter hours - Monday through Thursday 4:00 p.m. to midnight, Friday and Saturday 11:00 a.m. to 2:00 a.m., and Sunday 11:00 a.m. to midnight. There is plenty of opportunity for longer hours or even breakfast and lunch expansion. The current lease has over 4 years remaining, with two 5 year options to extend available. Additionally, there is a first right of refusal clause in the event the property owners choose to sell. The entertainment permit and ABC type 47 & 77 licenses are valid, current, and unrestricted.
Location
State CA
County Orange
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