Properties

Sunset Beach, CA 90742 16321 Pacific Coast Highway

16321 Pacific Coast Highway Sunset Beach, CA - Image 116321 Pacific Coast Highway Sunset Beach, CA - Image 216321 Pacific Coast Highway Sunset Beach, CA - Image 3
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Presented By: Kathie Sitton with Compass; 714-864-1405
  • MLS# PW24039494
  • 02/23/2024
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  • SQFT • 2,496

Home Details

REAL ESTATE AND BUSINESS SALE - TOTAL ASKING PRICE $3,250,000. Real Estate and Business must be sold together. It's not often that an ICONIC bar, once a favorite stomping ground of John Wayne and his friends, PLUS THE BUILDING AND THE LAND THAT IT SITS ON, located in a PRIME location just steps from the beach goes up for sale. And if you don't take advantage of the opportunity to buy this legendary bar and the property now, you might not get the chance to buy it again for another 40 YEARS! TURCS COCKTAILS is well known for its friendly wait staff, generous pours, and kindly owner. Established in 1955, the famous bar is legendary for its beachside dรฉcor accented with a Tiki and bamboo vibe. With a full bar, two indoor firepits, two pool tables, TVs throughout, touch tunes jukebox, and a giant Jenga game; entertainment and fun is endless at Turcs. The property is a mixed-used property situated in a prime Sunset Beach location on 6,077 SF double lot at the corner of Pacific Coast Highway and Anderson. The 2,496 SF two-story ivy covered building includes the 1,900 SF first floor bar area, a 596 SF 1 bedroom, 1 bath โ€œstudio styleโ€ apartment on the second floor plus a 271 SF outdoor patio area. INCLUDED in the $3,250,000 purchase price is the land, building, business, goodwill, FF&E, transferable Entertainment License, and the coveted Type 48 Liquor License. The property has its own parking lot, a rarity in Sunset Beach, with approximately +/- 11 parking stalls including 1 ADA parking space. The Type 48 Liquor License is one of the most difficult Liquor Licenses to come by and for that reason, is highly coveted. This license allows the ability to serve hard alcohol, beer and wine until 2:00am, to patrons of 21 years or older, and does not require the establishment to serve food. Another major benefit of a Type 48 License is that it allows the sale of liquor, beer, and wine for on-premises consumption and beer and wine for off-premises consumption. This bar and property has been in the family for 40+ years. The owners would love a Buyer to come in and love it and live it as much as they have! There is tons of opportunity to build upon what they have built and make it yours! Financials available upon receipt of a signed NDA which is attached as a Supplemental form. Buyer will be required to provide Proof of Funds with Offer.
Presented By: Kathie Sitton with Compass; 714-864-1405

Interior Features for 16321 Pacific Coast Highway

Other Interior Features

LivingAreaSourceAssessor
Heating Y/NYes
Laundry FeaturesUpper Level
Total Stories2

Other Rooms

Entry Level1

General for 16321 Pacific Coast Highway

Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Building NameTurcs Cocktails
Business TypeBar/Tavern/Lounge, Commercial, Food & Beverage, Mixed, Rental, Single-Tenant
CitySunset Beach
CountyOrange
Current FinancingNone
DirectionsPacific Coast Highway and Anderson
ExclusionsInventory is excluded from the purchase price. May be negotiated at time of purchase.
Expected Active Date 2024-02-29
HeatingFireplace(s)
Listing TermsCash, Cash to New Loan, 1031 Exchange
Lot Size Square Feet6077
Lot Size UnitsSquare Feet
MLS Area17 - Northwest Huntington Beach
Occupancy TypeOwner
PostalCitySUNSET BEACH
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeCommercial Sale
Special Listing ConditionsTrust
Standard StatusActive
StatusActive
Year Built1930
Year Built SourceAssessor
ZoningSunset Beach Tourist

Exterior for 16321 Pacific Coast Highway

Building Area Total2496
InclusionsBusiness, Land, Building, FF&E, Goodwill, transferable Entertainment License, and Type 48 Liquor License
Lot Features0-1 Unit/Acre
Lot Size Acres0.1395
Lot Size Area6077
Lot Size SourceAssessor
Number of Buildings1
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,250,000
MLS#PW24039494
List Date 02/23/2024
Property Type Commercial
Phone 888.795.6274
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