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16321 Pacific Coast Highway, Sunset Beach, CA 90742
$3,600,000
16321 Pacific Coast Highway, Sunset Beach, CA 90742View this property at 16321 Pacific Coast Highway, Sunset Beach, CA 90742
16321 Pacific Coast HighwaySunset BeachCA90742
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Property Description
It's not often that an ICONIC bar, once a favorite stomping ground of John Wayne and his friends, PLUS THE BUILDING AND THE LAND THAT IT SITS ON, located in a PRIME location just steps from the beach goes up for sale. And if you don't take advantage of the opportunity to buy this legendary bar and the property now, you might not get the chance to buy it again for another 40 YEARS! TURCS COCKTAILS is well known for its friendly wait staff, generous pours, and kindly owner. Established in 1955, the famous bar is legendary for its beachside décor accented with a Tiki and bamboo vibe. With a full bar, two indoor firepits, two pool tables, TVs throughout, touch tunes jukebox, and a giant Jenga game; entertainment and fun is endless at Turcs. The property is a mixed-used property situated in a prime Sunset Beach location on 6,077 SF double lot at the corner of Pacific Coast Highway and Anderson. The 2,496 SF two-story ivy covered building includes the 1,900 SF first floor bar area, 271 SF outdoor patio area, and a 596 SF 1 bedroom, 1 bath "studio style" apartment on the second floor. INCLUDED in the $3.6M purchase price is the land, building, business, goodwill, FF&E, transferable Entertainment License, and the coveted Type 48 Liquor License. The property has its own parking lot, a rarity in Sunset Beach, with approximately +/- 11 parking stalls including 1 ADA parking space. The Type 48 Liquor License is one of the most difficult Liquor Licenses to come by and for that reason, is highly coveted. This license allows the ability to serve hard alcohol, beer and wine until 2:00am, to patrons of 21 years or older, and does not require the establishment to serve food. Another major benefit of a Type 48 License is that it allows the sale of liquor, beer, and wine for on-premises consumption and beer and wine for off-premises consumption. This bar and property has been in the family for 40+ years. The owners would love a Buyer to come in and love it and live it as much as they have! There is tons of opportunity to build upon what they have built and make it yours! Financials available upon receipt of a signed NDA which is attached as a Supplemental form. Buyer will be required to provide Proof of Funds with Offer.
Full Property Details
Full Property Details for 16321 Pacific Coast Hwy
General
- Price: $3,600,000
- Status: Active
- Type: Commercial
- MLS ID: PW24039494
- Updated: 3/28/2024
- Days on Market: 84 days
- Added to Site: 90 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Commercial, Food & Beverage, Mixed
Interior
- Laundry Facilities: Yes
Rooms
Other Rooms
- Laundry: Upper Level
Location
- County: Orange
- Building Name: Turcs Cocktails
- Driving Directions: Pacific Coast Highway and Anderson
Heating & Cooling
- Heating Type: Fireplace(s)
Structural Information
- # Buildings: 1
- Entry Floor Number: 1
- Stories/Levels: 2
- Building Size: 2496
- Square Feet: 2,496
- Retail: 1,800 Sq. Ft.
- Year Built: 1930
- Year Built Source: Assessor
Unit Information
- Occupancy Rate: Occupied
Lot Features
- Lot Size (Acres): 0.1395
- Useable Acres: .1395
- Lot Size (Sq. Ft.): 6,077
- Lot Size Source: Assessor
- Lot Features: 0-1 Unit/Acre
- Lot Description: 0-1 Unit/Acre
Financial Considerations
- Price Per Sq. Ft.: $1,442
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Exclusions: Business, Land, Building, FF&E, Goodwill, transferable Entertainment License, and Type 48 Liquor License
- Inclusions: Inventory is excluded from the purchase price and may be negotiated. Other personal items that will be listed in the PSA.
- Property ID: 17851120
Listed by Coldwell Banker Commercial, KathieSitton
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Schools
Schools serving 16321 Pacific Coast Hwy
School Districts:Huntington Beach Union High School District, Huntington Beach City Elementary School District
Rating | Name | Grades | Distance |
---|---|---|---|
770 17th St, Huntingtn Bch, CA 92648 | K-5 | 5.6 mi | |
1502 Palm Ave, Huntingtn Bch, CA 92648 | 6-8 | 5.7 mi | |
1905 Main St, Huntingtn Bch, CA 92648 | 9-12 | 5.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 16321 Pacific Coast Hwy
Date
Details
Price
Change
Source
2/23/2024
Listed
$3,600,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 16321 Pacific Coast Hwy
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,501
2%
$452,818
2%
2022
$5,371
8%
$443,940
2%
2021
$4,980
-2%
$435,236
1%
2020
$5,100
-2%
$430,774
2%
2019
$5,191
2%
$422,328
2%
2018
$5,069
-2%
$414,048
2%
2017
$5,157
5%
$405,930
2%
2016
$4,899
5%
$397,971
2%
2015
$4,646
—
$391,994
2%
2014
$4,631
-3%
$384,316
—
2013
$4,777
—
$382,580
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 16321 Pacific Coast Hwy
16321 Pacific Coast Highway, Sunset Beach, CA 90742 (MLS# PW24039494) is a Commercial property. 16321 Pacific Coast Highway is currently listed for $3,600,000 and was received on February 23, 2024. Want to learn more about 16321 Pacific Coast Highway? Do you have questions about finding other Commercial real estate for sale in Sunset Beach? You can browse all Sunset Beach real estate or contact a Coldwell Banker agent to request more information.