Skip to main content

Urban-High Street

3840 E Coast Hwy

3840 East Coast Hwy, Newport Beach, CA 92625

Listing Price: $3,750,000

Cap Rate
4.70%
Rentable SF
2,100
Lot Size
0.08 acres
Year Built
1978

Investment Overview

We are pleased to present 3840 East Coast Highway, located in the city of Corona del Mar, California. The subject property consists of 2,100 square feet of ground level retail fronting 33 feet on Pacific Coast Highway with 7 on site roof top parking spaces. The location is home to a local favorite, Nagisa Sushi which has occupied this spot for 37 years. Currently the property is demised into two spaces, one with 850 square feet and Nagisa Sushi occupying the other 1,250 square feet for a total of 2,100 square feet. The building lends itself to a variety of different users and or investors wanting to reconfigure the space for a new restaurant or retail use. The demising wall could be razed to accommodate one large restaurant space or other user. The real estate sits on Pacific Coast Highway with 33 feet of frontage, at the intersection with Hazel Drive. Traffic counts exceed 57,000 cars per day on PCH passing by this location. The property is 2 blocks from the Pacific Coastline and beaches, surrounded by the wealthiest Orange County demographics: The Average Household Income is $242,822 and Average Home Price is $4,800,000. Corona Del Mar in Spanish is “Crown of the Sea” and this small quaint coastal town lives up to its name. Located on one of the most spectacular coastlines in the world, Corona del Mar sits atop a bluff that provides unrivaled views of the Pacific coastline. Residents and visitors alike enjoy this quaint seaside village where one can walk to outdoor cafes, boutiques, shops, restaurants and the beach. One of the most desirable places to live in Orange County, “CDM” as it is commonly called, offers its residents a lifestyle not often found in all of the world. Corona Del Mar’s demographic profile is truly what retailers, banks and other service-oriented business are seeking. With average household incomes of $242,822 within a 1 mile ring of the property, the residents of this town and surrounding it have high disposable incomes. There are 180,981 people in a 5 mile radius and the population is growing at 6.1% annually.

Investment Highlights

  • Corona Del Mar
  • Pacific Coast Hwy Frontage - 57,000 CPD
  • Ground Floor Retail
  • Unique On-site, Top-floor Parking: 7 Spaces
  • Current Tenant, Nagisa Sushi is a local's favorite and has been at this location for 37+ years
  • Corona Del Mar's Demographics is highly sought-after by Banks, Businesses and Retailers: $242,822 Average Household Income, 180,981 5-mile Population, Average Home Price $4,800,000.

Exclusively Listed By

Financing By

Urban-High Street

3840 E Coast Hwy

Listing Price: $3,750,000

Cap Rate
4.70%
Rentable SF
2,100
Lot Size
0.08 acres
Year Built
1978

Investment Highlights

  • Corona Del Mar
  • Pacific Coast Hwy Frontage - 57,000 CPD
  • Ground Floor Retail
  • Unique On-site, Top-floor Parking: 7 Spaces
  • Current Tenant, Nagisa Sushi is a local's favorite and has been at this location for 37+ years
  • Corona Del Mar's Demographics is highly sought-after by Banks, Businesses and Retailers: $242,822 Average Household Income, 180,981 5-mile Population, Average Home Price $4,800,000.

Investment Overview

We are pleased to present 3840 East Coast Highway, located in the city of Corona del Mar, California. The subject property consists of 2,100 square feet of ground level retail fronting 33 feet on Pacific Coast Highway with 7 on site roof top parking spaces. The location is home to a local favorite, Nagisa Sushi which has occupied this spot for 37 years. Currently the property is demised into two spaces, one with 850 square feet and Nagisa Sushi occupying the other 1,250 square feet for a total of 2,100 square feet. The building lends itself to a variety of different users and or investors wanting to reconfigure the space for a new restaurant or retail use. The demising wall could be razed to accommodate one large restaurant space or other user. The real estate sits on Pacific Coast Highway with 33 feet of frontage, at the intersection with Hazel Drive. Traffic counts exceed 57,000 cars per day on PCH passing by this location. The property is 2 blocks from the Pacific Coastline and beaches, surrounded by the wealthiest Orange County demographics: The Average Household Income is $242,822 and Average Home Price is $4,800,000. Corona Del Mar in Spanish is “Crown of the Sea” and this small quaint coastal town lives up to its name. Located on one of the most spectacular coastlines in the world, Corona del Mar sits atop a bluff that provides unrivaled views of the Pacific coastline. Residents and visitors alike enjoy this quaint seaside village where one can walk to outdoor cafes, boutiques, shops, restaurants and the beach. One of the most desirable places to live in Orange County, “CDM” as it is commonly called, offers its residents a lifestyle not often found in all of the world. Corona Del Mar’s demographic profile is truly what retailers, banks and other service-oriented business are seeking. With average household incomes of $242,822 within a 1 mile ring of the property, the residents of this town and surrounding it have high disposable incomes. There are 180,981 people in a 5 mile radius and the population is growing at 6.1% annually.

Exclusively Listed By

Financing By

MM Texture Background
MM Textured Background Lower