124-126 Orange Ave
Coronado, CA 92118
Retail Property For Sale

Marcus & Millichap is pleased to present for sale 124-126 Orange Ave in Coronado, California. This offering represents a very rare opportunity to acquire a multi-tenant NNN leased Mixed-Use property in highly soughtafter Coronado community. This two-story, 10,900 SF historical property sits on 7,059 SF Lot, and was the site of the very first firehouse in Coronado back in 1892 making this a Coronado Historical Landmark. The building was completely renovated in 2012 from the inside and out and features a new roof, exterior facade, windows, doors, restaurant improvements, Type V fully sprinklered, Title 24, lighting, plumbing, electrical, sewer, concrete, foundation reinforcements and much more. The ground floor features a newly built and opened restaurant, Mexican Village Cocina & Cantina run by experienced operators with a successful track record. The second floor consists of five office suites that are 100% NNN leased. The property is steps away from the Coronado Ferry Landing with impressive views of the Downtown San Diego skyline. Orange Ave is the Commercial corridor of Coronado with restaurants and retailers from the Bay to the beach. Coronado is an affluent neighborhood of San Diego and one of the most desired tourist destinations. The world-famous Coronado Beach, Hotel Del Coronado, Museum of Art, Silver Strand, NAS Coronado Military Base, Coronado Yacht Club, and the Coronado Bridge are just minutes away. Coronado is a sub-market of Southern California that has an extremely low vacancy and high barrier to entry. In the first quarter of 2019, the total Coronado retail vacancy totaled 0.9%. The average asking rent in Coronado for Retail is currently $3.35 per square-foot