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34412 Green Lantern St
Dana Point, CA 92629

Development Opportunity | Ocean View · Land For Sale · 0.29 AC

Investment Highlights

  • Potential for 7,000 to 8,000 sq ft. high end restaurant or 19 room luxury boutique hotel
  • Lack of Competition/High Demand for high end restaurants and Luxury Hotels
  • Surrounded by several of the highest income neighborhoods in the Country
  • Extremely rare bluff top location with recent approval of neighboring bluff top lot for 51 unit hotel. First bluff development approval in 40+ years!!
  • Unbeatable resort culture and destination tourist area
  • Convenient launching point to from San Diego to Los Angeles

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Hospitality
  • Hotel
  • Restaurant
Total Lot Size 0.29 AC

Description

This lot is truly a jewel waiting to be developed. Poised on a cliff overlooking Dana Point Harbor, the property sits just minutes from Downtown Dana Point, home to award winning dining and some of the best shops in Orange County. Dana Point is home to many attractions such as the Doheny Blues Festival, the Festival of Whales as well as an outside amphitheater for community based social gatherings and concerts. The new Restaurant /Hotel is perfectly positioned to benefit greatly from the City's recent $400 Million investment in the nearby Harbor area. Developers will spend the next few years completely revitalizing the Harbor District and the surrounding area adding numerous restaurants and outdoor dining, 32,000 square feet of retail space, a 9,000 square foot museum and 2,400 renovated boat slips. UPDATE: AS OF 8/26/19 THE DANA POINT CITY COUNCIL (IN A 5 - 0 VOTE) APPROVED A 51 UNIT HOTEL WITH ROOFTOP POOL, BAR, AND LOUNGING AREA FOR THE PARCEL AT THE CORNER OF COVE ROAD AND GREEN LANTERN OF ALMOST INDENTICAL SQUARE FOOTAGE. THE FIRST NEW PROJECT TO BE APPROVED ON THE BLUFF IN 40+ YEARS. THE APPROVAL OF THIS BLUFF FRONT HOTEL COMBINED WITH THE WAVE HOTEL (CORNER OF PCH AND GREEN LANTERN) BREAKING GROUND WITHIN THE NEXT 45 DAYS, DEMONSTRATES THAT THE CITY OF DANA POINT IS COMMITTED TO THESE NEW DEVELOPMENTS AND MAKES THIS OPPORTUNITY EVEN MORE RARE AND DESIRABLE.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
672-234-04
Land Assessment
$386,858
Improvements Assessment
$0
Total Assessment
$386,858

zoning

Zoning Code C-VC
C-VC
  • Listing ID: 16414870

  • Date on Market: 6/21/2019

  • Last Updated:

  • Address: 34412 Green Lantern St, Dana Point, CA 92629

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