Active

680 S Coast Hwy

Laguna Beach CA, 92651

$15,000,000


$1,389.40 per sqft

Active

10,796 sqft

Commercial

Built in 2023

Listed by Sam Mu with Pinnacle Real Estate Group 626-888-9808

State-of-the-Art Free-Standing Structure. The Red Dragon Building For Sale (Only building not business)
A Rare and Exceptional Investment Opportunity. Impressive CAP rate of 5.6%
Long-Term (10) Year Lease Absolute NNN Lease With Annual 3% Increases
Full-service bar and restaurant featuring an Ocean View Terrace on the 3rd Floor
Contemporary exterior & interior masterfully envisioned by acclaimed Laguna Beach architect
Cutting-edge commercial kitchens spanning the 1st and 2nd floors, equipped with the latest culinary technology and a spacious walk-in cooler/freezer
Unparalleled Platinum Location in Laguna Beach: 7 min stroll to Main Beach Park, 6 min walk to Downtown, 3 min jaunt to HIP District. Exceptional proximity to designated parking areas, boutiques, eateries, art galleries, and renowned hotels. Boasting a walk score of #96

OC23208337

MLS ID

November 9, 2023

Listed

February 16, 2024

Updated

Map

680 S Coast Hwy
Laguna Beach CA, 92651

Interior Features

Total Stories

3


Laundry Description

See Remarks


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.13 Acres


Lot Features

Walkstreet

Other Property Details

Area Name

LV - Laguna Village


Days on Market

93


Garage

No


View

No


County

Orange


Water Source

Public


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

12/13/2023

Price Change

$15,000,000

7%

Listing Contact: 626-888-9808 

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/16/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 2/16/2024 at 4:15 AM UTC

 

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