$3,450,000
16321 Pacific Coast HWY Sunset Beach, CA 90742
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$3,450,000
Est. payment /mo
6,076 Sqft Lot
Active
16321 Pacific Coast HWY Sunset Beach, CA 90742
UPDATED:
11/11/2024 05:05 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW24039494
HOA Y/N No
Year Built 1930
Lot Size 6,076 Sqft
Property Description
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 décor 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, 271 SF outdoor patio area, and a 596 SF 1 bedroom, 1 bath “studio style” apartment on the second floor. INCLUDED in the $3.6M 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.
Location
State CA
County Orange
Area 17 - Northwest Huntington Beach
Zoning Sunset Beach Tourist
Interior
Heating Fireplace(s)
Inclusions Inventory is excluded from the purchase price and may be negotiated. Other personal items that will be listed in the PSA.
Fireplace No
Laundry Upper Level
Building
Lot Description 0-1 Unit/Acre
Story 2
Water Public
Others
Tax ID 17851120
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Trust
Listed by Kathie Sitton • Coldwell Banker Commercial • 714-864-1405
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