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2515 E Coast Hwy 13,883 SF 100% Leased Retail Building Corona Del Mar, CA 92625 $13,000,000 ($936.40/SF) 3.40% Cap Rate
Investment Highlights
- PREMIER COAST HIGHWAY LOCATION
- ON-SITE PARKING AMENITY
- AFFLUENT COASTAL DEMOGRAPHICS & WALKABLE, HIGH-TRAFFIC ENVIRONMENT
- MULTI-TENANT RETAIL ASSET
- IRREPLACEABLE INFILL LOCATION
- PRIDE OF OWNERSHIP ASSET
Executive Summary
Coastal Commercial is pleased to offer 2515 E. Coast Highway, a rare and highly visible multi-tenant retail property located in the heart of Corona del Mar, one of Southern California’s most affluent coastal communities. This ±13,883 SF retail asset sits along the premier East Coast Highway corridor, a highly trafficked thoroughfare connecting luxury residential neighborhoods, world-class beaches, and the vibrant village center. The property benefits from excellent frontage, significant pedestrian traffic, and exposure to over ±70,000 vehicles per day, making it an ideal location for service-oriented and retail tenants seeking a prestigious coastal presence.
Surrounded by boutique retailers, fine dining establishments, and lifestyle-focused businesses, 2515 E. Coast Highway offers a stable income profile with multiple avenues for future upside. Investors have the opportunity to capitalize on long-term value creation through rent growth, tenant repositioning, or aesthetic upgrades in a market characterized by limited new development and high barriers to entry. The property’s location, coupled with Corona del Mar’s strong demographics and enduring desirability, makes this an exceptional acquisition for investors seeking both current income and long-term appreciation in a supply-constrained coastal submarket.
With its combination of irreplaceable location, walkable retail environment, and strong coastal fundamentals, 2515 E. Coast Highway represents a compelling investment opportunity for both institutional and private investors looking to secure a high-profile asset in one of Orange County’s most sought-after communities.
Surrounded by boutique retailers, fine dining establishments, and lifestyle-focused businesses, 2515 E. Coast Highway offers a stable income profile with multiple avenues for future upside. Investors have the opportunity to capitalize on long-term value creation through rent growth, tenant repositioning, or aesthetic upgrades in a market characterized by limited new development and high barriers to entry. The property’s location, coupled with Corona del Mar’s strong demographics and enduring desirability, makes this an exceptional acquisition for investors seeking both current income and long-term appreciation in a supply-constrained coastal submarket.
With its combination of irreplaceable location, walkable retail environment, and strong coastal fundamentals, 2515 E. Coast Highway represents a compelling investment opportunity for both institutional and private investors looking to secure a high-profile asset in one of Orange County’s most sought-after communities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,883 SF
Building Class
B
Year Built
1968
Price
$13,000,000
Price Per SF
$936.40
Cap Rate
3.40%
NOI
$442,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.33 AC
Parking
20 Spaces (1.44 Spaces per 1,000 SF Leased)
Frontage
184’ on Coast Hwy
Amenities
- Bus Line
- Signage
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 459-083-07 | Improvements Assessment | $1,417 |
| Land Assessment | $67,213 | Total Assessment | $68,630 |
Property Taxes
Parcel Number
459-083-07
Land Assessment
$67,213
Improvements Assessment
$1,417
Total Assessment
$68,630
Contacts
-
Nathan Holthouser -
Tram Church -
Maggie Attashian -
Rebecca Canalez -
Coastal Commercial Inc.
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2515 E Coast Hwy
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