16321 Pacific Coast Highway
Sunset Beach, CA, 90742 $ 3,600,000
Baths0.0 Sq 2,496 Monthly Estimate*
$ 25,147
Listed by Coldwell Banker Commercial
Studio
for $3,600,000. This 2,496 square foot building was built in 1930 on a lot size of 0.1395.
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.
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FeaturesGeneralZoning SBT-Sunset Beach Tourist
Exclusions Inventory is excluded in the purchase price but can be negotiated. Other personal items that will be listed in the PSA.
Year Built 1930
Business Type BarTavernLounge
Business Name TURCS COCKTAILS
County Orange
New Construction N
Property Type BusinessOpportunity
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
Directions Corner of Pacific Coast Highway and Anderson
City Sunset Beach
View Y/N N
Senior Community Y/N N
MLS Area 17 - Northwest Huntington Beach
Lot Size Square Feet 6077.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Pacific Coast
Listing Terms Cash CashtoNewLoan Item1031Exchange
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 28
Building Area Units SquareFeet
Standard Status Active
Occupancy Description Owner
Year Built Source PublicRecords
Ownership Type Corporation
Expected Active Date 2024-02-29
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ExteriorTotal Parking 11.0
Inclusions Business Land Building FF&E Goodwill transferable Entertainment License and Type 48 Liquor License.
Lot Size Area 6077.0
Spa N
Building Area Total 2496.0
Lot Size Acres 0.1395
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Highway
Electric On Property Y/N N
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* Excluded FeaturesList ByColdwell Banker CommercialBroker
Affordability Calculator
- Monthly Principal & Interest
- $25,147
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Sunset Beach, CA
Average List Price $2,590,000
Percent of Sale Price 28%
About Sunset Beach, CA 870 Population
8% Since 2002
$ 96,944 Median Income
49.26 Median Age
12% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing HistoryDate | Price | Price Change | Description |
---|
2/29/2024 | $3,600,000 | | Listed Price |