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The View at Seacoast 951 Seacoast Dr 10,794 SF Vacant Retail Building Imperial Beach, CA 91932 $8,500,000 ($787.47/SF) 7.50% Cap Rate
Investment Highlights
- COASTAL BEACHFRONT LOCATION - Fronting Portwood Park and IB Pier
- CUP IN-PLACE - Events, Restaurant, Bar, Take-out Windo
- HIGH TOURSIT AND RESTAURANT TRAFFIC - 400,000 Annually
Executive Summary
Marcus & Millichap has been selected to exclusively market for SALE or LEASE the fee simple interest in an approximately ±10,794 square foot beach front three-story building located at 951 Seacoast Drive, Imperial Beach, CA 91932. The Property is ideally positioned along Seacoast Drive, the primary coastal corridor of Imperial Beach and benefits from immediate proximity to the iconic Imperial Beach Pier with unobstructed views of the Pacific Ocean.
The building features multiple floors of restaurant and retail space along with a rooftop deck, creating a unique hospitality and entertainment destination. The rooftop provides an ideal setting for private events, weddings, corporate functions, and sunset receptions, offering panoramic ocean views and one of the most desirable event settings in San Diego County.
Imperial Beach is recognized as California’s southernmost coastal city, attracting residents, tourists, and beach visitors year-round. Located just south of San Diego and minutes from Coronado and Silver Strand State Beach, the city draws consistent visitation from both regional and international travelers. The beachfront corridor along Seacoast Drive has become a growing destination for dining, recreation, and coastal tourism.
With its beach front location, rooftop event space and restaurant-ready configuration, The View represents a rare opportunity to establish a signature hospitality, dining and entertainment venue along one of Southern California’s most scenic beach corridors.
The building features multiple floors of restaurant and retail space along with a rooftop deck, creating a unique hospitality and entertainment destination. The rooftop provides an ideal setting for private events, weddings, corporate functions, and sunset receptions, offering panoramic ocean views and one of the most desirable event settings in San Diego County.
Imperial Beach is recognized as California’s southernmost coastal city, attracting residents, tourists, and beach visitors year-round. Located just south of San Diego and minutes from Coronado and Silver Strand State Beach, the city draws consistent visitation from both regional and international travelers. The beachfront corridor along Seacoast Drive has become a growing destination for dining, recreation, and coastal tourism.
With its beach front location, rooftop event space and restaurant-ready configuration, The View represents a rare opportunity to establish a signature hospitality, dining and entertainment venue along one of Southern California’s most scenic beach corridors.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Building Size
10,794 SF
Building Class
B
Year Built
2024
Price
$8,500,000
Price Per SF
$787.47
Cap Rate
7.50%
NOI
$637,500
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.77
Lot Size
0.14 AC
Zoning
SP - Newly built, three-story property directly on Seacoast Drive just steps from the Imperial Beach Pier.
CUP in place for events, restaurant and bar.
Parking
100 Spaces (9.26 Spaces per 1,000 SF Leased)
Frontage
96’ on Seacoast Drive
Amenities
- Corner Lot
- Courtyard
- Restaurant
- Signage
- Waterfront
- Balcony
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Restaurant ready suite Vertical shaft Grease interceptor installed Furnished patio area
Restaurant ready shell Prepped for MEP installation Vertical shaft Grease interceptor installed Dedicated covered patio
Plug and play event space Fully fixturized ADA restrooms Plumbing for catering hookups Unobstructed ocean views
| Space | Size | Space Use | Position | Available |
| Ground Fl | 1,586 SF | Office/Retail | - | Now |
| 2nd Fl | 4,235 SF | Office/Retail | - | Now |
| Rooftop Deck | 2,442 SF | Retail | In-Line | Now |
Ground Fl
| Size |
| 1,586 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
2nd Fl
| Size |
| 4,235 SF |
| Space Use |
| Office/Retail |
| Position |
| - |
| Available |
| Now |
Rooftop Deck
| Size |
| 2,442 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
Ground Fl
| Size | 1,586 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Restaurant ready suite Vertical shaft Grease interceptor installed Furnished patio area
2nd Fl
| Size | 4,235 SF |
| Space Use | Office/Retail |
| Position | - |
| Available | Now |
Restaurant ready shell Prepped for MEP installation Vertical shaft Grease interceptor installed Dedicated covered patio
Rooftop Deck
| Size | 2,442 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Plug and play event space Fully fixturized ADA restrooms Plumbing for catering hookups Unobstructed ocean views
Somewhat walkable
30/100
Very drivable
80/100
Some public transit
40/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 625-352-23 | Improvements Assessment | $1,173,000 |
| Land Assessment | $1,715,522 | Total Assessment | $1,715,522 |
Property Taxes
Parcel Number
625-352-23
Land Assessment
$1,715,522
Improvements Assessment
$1,173,000
Total Assessment
$1,715,522
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