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16321 Pacific Coast Hwy

2,496 SF 100% Leased Retail Building Sunset Beach, CA 90742 $3,450,000 ($1,382/SF)

Investment Highlights

  • Iconic, Legendary Bar in prime beach location. 1st time it's been available for purchase in over 40 years.
  • Mixed use property, 1st floor bar, 2nd floor 1 bedroom, 1 bath apartment. Opportunity for development!
  • Type 48 Liquor License with transferable Entertainment License

Executive Summary

This property is a mixed-use gem located in a prime Sunset Beach location, on a 6,077 SF lot at the corner of Pacific Coast Highway and Anderson. The 2,496 SF ivy-covered, two-story building houses the legendary TURCS Cocktails, once a favorite spot of John Wayne and his close friends. The building features a 1,900 SF first-floor bar area and a 596 SF apartment upstairs with one bedroom and one bath. Additionally, there is a 271 SF enclosed patio that leads into the bar. The upstairs apartment is a surfer’s dream, offering a peek-a-boo ocean view from the kitchen and a large outdoor deck with a corner ocean view, perfect for summer barbeques and sunset cocktail parties.
The $3,450,000 purchase price includes the land, building, business, goodwill, FF&E, a fully transferable Entertainment License, and the highly coveted Type 48 Liquor License. Inventory is not included in the purchase but can be negotiated separately. The property boasts its own parking lot, a rarity in Sunset Beach, offering approximately 11 parking spaces, including one ADA-compliant space.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Bar
Building Size
2,496 SF
Building Class
B
Year Built
1930
Price
$3,450,000
Price Per SF
$1,382
Business Value
$600,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.41
Land Acres
0.14 AC
Zoning
SP-17 - Sunset Beach Specific Plan For more details, go to https://cms3.revize.com/revize/huntingtonbeachca/Sunset-Beach-Specific-Plan.pdf
Parking
11 Spaces (4.41 Spaces per 1,000 SF Leased)
Frontage
84 FT on Pacific Coast Highway

Amenities

  • 24 Hour Access
  • Corner Lot
  • Courtyard
  • Signage
  • Signalized Intersection
  • Balcony

About 16321 Pacific Coast Hwy , Sunset Beach, CA 90742

TURCS is renowned for its welcoming wait staff, generous pours, and friendly owner. Established in 1955, this iconic bar is famous for its beachside décor, featuring a Tiki and bamboo vibe. With a full bar, two indoor firepits, two pool tables, TVs throughout, a touch tunes jukebox, and a giant Jenga game, TURCS offers endless entertainment and fun. The property is a mixed-use gem located in a prime Sunset Beach location, on a 6,077 SF lot at the corner of Pacific Coast Highway and Anderson. The 2,496 SF ivy-covered, two-story building houses the legendary TURCS Cocktails, once a favorite spot of John Wayne and his close friends. The building features a 1,900 SF first-floor bar area, a 271 SF outdoor patio, and a 596 SF “studio style” apartment upstairs with one bedroom and one bath. Additionally, there is a 271 SF enclosed patio that leads into the bar. The upstairs apartment is a surfer’s dream, offering a peek-a-boo ocean view from the kitchen and a large outdoor deck with a corner ocean view, perfect for summer barbeques and sunset cocktail parties.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
178-511-20
Land Assessment
$355,924
Improvements Assessment
$96,894
Total Assessment
$452,818
  • Listing ID: 31084615

  • Date on Market: 2/29/2024

  • Last Updated:

  • Address: 16321 Pacific Coast Hwy, Sunset Beach, CA 90742

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