2515 E Coast Highway
2515 E Coast Highway, Corona Del Mar, 92625
Property Description
Price: $13,000,000
Land Area: ±15,100 SF
Cap Rate: 3.40%
Gross Leasable Area: ±13,883
Year Built: 1968
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+ vehicles per day
- 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
- Irreplaceable Infill Location: Located in the heart of Corona del Mar’s village retail district, surrounded by luxury homes, boutique shops, and destination dining. Minutes from major demand drivers including Fashion Island, Balboa Island, and world-class beaches
- Affluent Coastal Demographics: Average household incomes exceed $200,000 within the immediate trade area and the median household income within 1 mile approaches ± $180K+, ranking among the top U.S. coastal markets
- Pride of Ownership Asset: Opportunity to acquire a stabilized property in a truly irreplaceable location. Properties like this are typically purchased as long-term investments and serve to preserve wealth and provide a reliable income. It is a pride of ownership property with incredible intrinsic value
- Walkable High-Traffic Environment: Walk Score of 95 (“Walker’s Paradise”) supporting consistent foot traffic and retail demand with dense concentration of daily-needs and experiential retail in immediate vicinity
Contact Information
Ron Duong
Nathan Holthouser
Tram Church