154-162 S Coast Hwy
Laguna Beach, CA 92651
Rivians Experience Center · Retail Property For Sale

The historic property is located on ± 0.28 acres (11,978 Square feet) situated across the street from Main Beach with 67 feet of frontage on South Coast Highway in Laguna Beach. This highly visible property sits at the most prominent location in Laguna Beach. Currently the property has two small tenants fronting S Coast Hwy, a vacant apartment, and a vacant 674 seat dual screen theatre. The retail tenants are Le Macaron French Pastries and Havaianas. Each tenant has approximately 2 years remaining on their lease, Le Macaron French Pastries pays $4,326 a month while Havaianas pays $4,800 a month respectively. The theatre closed in 2015 due to the difficulty of profitably operating small theatres during these modern times. There is massive opportunity to bring the theatre back to life utilizing the space for a multipurpose entertainment venue not restricted to just first run movies. Potential ideas to explore are the addition of a liquor license as well as a rooftop restaurant/bar. There is grandfathered parking with the theatre use and according the city’s planning commission, those can be credited if there was a reduction in theatre seats.