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Shopping Strip

CDM E. Coast Highway Retail

2515 East Coast Hwy, Newport Beach, CA 92625

Listing Price: $13,000,000

Cap Rate
3.40%
Gross SF
15,100
Rentable SF
13,883
Price/Gross SF
$860.93
Lot Size
0.35 acres
Year Built
1949

Investment Overview

Coastal Commercial and Marcus & Millichap is pleased to offer 2515 E. Coast Highway, a rare and highly visible multi-tenant retail property located in the heart of Corona del Mar, one of Southern California’s most affluent coastal communities. This ±13,883 SF retail asset sits along the premier East Coast Highway corridor, a highly trafficked thoroughfare connecting luxury residential neighborhoods, world-class beaches, and the vibrant village center. The property benefits from excellent frontage, significant pedestrian traffic, and exposure to over ±70,000 vehicles per day, making it an ideal location for service-oriented and retail tenants seeking a prestigious coastal presence.

Surrounded by boutique retailers, fine dining establishments, and lifestyle-focused businesses, 2515 E. Coast Highway offers a stable income profile with multiple avenues for future upside. Investors have the opportunity to capitalize on long-term value creation through rent growth, tenant repositioning, or aesthetic upgrades in a market characterized by limited new development and high barriers to entry. The property’s location, coupled with Corona del Mar’s strong demographics and enduring desirability, makes this an exceptional acquisition for investors seeking both current income and long-term appreciation in a
supply-constrained coastal submarket.

With its combination of irreplaceable location, walkable retail environment, and strong coastal fundamentals, 2515 E. Coast Highway represents a compelling investment opportunity for both institutional and private investors looking to secure a high-profile asset in one of Orange County's most sought-after communities.

Investment Highlights

  • PREMIER COAST HIGHWAY LOCATION - Situated along Pacific Coast Highway (PCH), the main retail and commuter corridor through Corona del Mar with excellent frontage and signage visibility to ±70,000+ CPD
  • MULTI-TENANT RETAIL ASSET - Approximately ±13,883 SF building on approximately 0.35 acres with a diverse tenant mix including food, beauty, and service-oriented uses creating daily traffic synergy.
  • ON-SITE PARKING AMENITY - Approximately 20 on-site parking spaces—an attractive feature in a constrained coastal retail market

Exclusively Listed By

Shopping Strip

CDM E. Coast Highway Retail

Listing Price: $13,000,000

Cap Rate
3.40%
Gross SF
15,100
Rentable SF
13,883
Price/Gross SF
$860.93
Lot Size
0.35 acres
Year Built
1949

Investment Highlights

  • PREMIER COAST HIGHWAY LOCATION - Situated along Pacific Coast Highway (PCH), the main retail and commuter corridor through Corona del Mar with excellent frontage and signage visibility to ±70,000+ CPD
  • MULTI-TENANT RETAIL ASSET - Approximately ±13,883 SF building on approximately 0.35 acres with a diverse tenant mix including food, beauty, and service-oriented uses creating daily traffic synergy.
  • ON-SITE PARKING AMENITY - Approximately 20 on-site parking spaces—an attractive feature in a constrained coastal retail market

Investment Overview

Coastal Commercial and Marcus & Millichap is pleased to offer 2515 E. Coast Highway, a rare and highly visible multi-tenant retail property located in the heart of Corona del Mar, one of Southern California’s most affluent coastal communities. This ±13,883 SF retail asset sits along the premier East Coast Highway corridor, a highly trafficked thoroughfare connecting luxury residential neighborhoods, world-class beaches, and the vibrant village center. The property benefits from excellent frontage, significant pedestrian traffic, and exposure to over ±70,000 vehicles per day, making it an ideal location for service-oriented and retail tenants seeking a prestigious coastal presence. Surrounded by boutique retailers, fine dining establishments, and lifestyle-focused businesses, 2515 E. Coast Highway offers a stable income profile with multiple avenues for future upside. Investors have the opportunity to capitalize on long-term value creation through rent growth, tenant repositioning, or aesthetic upgrades in a market characterized by limited new development and high barriers to entry. The property’s location, coupled with Corona del Mar’s strong demographics and enduring desirability, makes this an exceptional acquisition for investors seeking both current income and long-term appreciation in a supply-constrained coastal submarket. With its combination of irreplaceable location, walkable retail environment, and strong coastal fundamentals, 2515 E. Coast Highway represents a compelling investment opportunity for both institutional and private investors looking to secure a high-profile asset in one of Orange County's most sought-after communities.

Exclusively Listed By

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