2880 S Coast Hwy

Description

Truly an incredible opportunity to own a 3-unit, freestanding "Ocean View" commercial office building in the City limits of Laguna Beach. This 1980 constructed commercial building provides 9 covered parking stalls as well as street parking. Outstanding outside deck/community areas and tremendous views from many vantage points. Currently occupied by three tenants providing Architectural and Structural Engineering Services and Healthcare Supplements. Existing rents are currently "under market rates" as the two owners are majority occupants and tenants of this building. This has outstanding proximity to both cities of Laguna Beach and Dana Point, a fantastic location and frontage on Pacific Coast Highway. Visual exposure of this office building is outstanding. Easy access to the I-5 freeway and John Wayne Airport. This commercial office building has been extremely well cared for by its owners. Contiguous high profile restaurant next door provides additional income by leasing parking during after normal business hours with its own valet parking staff. This is a great opportunity for either an owner occupant or investor. It is also possible that only 50% of this building could be purchased.