$1442.31 Per Sq Foot $19,326 est/mo Sourced by Back At You

16321 Pacific Coast Highway,Sunset Beach, CA 90742

Sunset Beach CA, 90742

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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, a fully 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 spots 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 included as a Supplemental Form. Buyer will be required to provide Proof of Funds with Offer.

Details

Listing IDPW24038678
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1930
Days On Site56
Listing Provided ByColdwell Banker Commercial 562-495-6070 | Kathie Sitton

Features

SQ Feet2,496
ZoningSBT-Sunset Beach Tourist
Acreage0.14

Market Activity 90742

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Learn More About This Property

StateCA
CountyOrange
CitySunset Beach
Zip Code90742
Area17 Northwest Huntington Beach
Listing VS Median (in 90742)
Price:
$3,600,000
low | high
Med:
$2,172,500
89.652777777778% of Average
SqFt:
2,496
low | high
Med:
1,133
100% of Average
$ / SqFt:
$1,442
low | high
Med:
$1,918
17.006020799124% of Average
On Site:
56
low | high
Med:
134.500000
41.635687732342% of Average
Sourced by Back At You
Listing Updated: April 22, 2024 at 4:17:39 PM PDT
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