Sunset Beach, CA 90742 16321 Pacific Coast Highway

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Presented By: Kathie Sitton with Coldwell Banker Commercial; 714-864-1405
  • MLS# PW24038678
  • 02/26/2024
  • Request Tour
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  • FootageSQFT • 2,496

Home Details

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.
Presented By: Kathie Sitton with Coldwell Banker Commercial; 714-864-1405

Interior Features for 16321 Pacific Coast Highway

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Street SuffixHighway

General for 16321 Pacific Coast Highway

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Business NameTURCS COCKTAILS
Business TypeBarTavernLounge
Carport Y/NNo
CitySunset Beach
CountyOrange
Days on Market28
DirectionsCorner of Pacific Coast Highway and Anderson
ExclusionsInventory is excluded in the purchase price but can be negotiated. Other personal items that will be listed in the PSA.
Expected Active Date 2024-02-29
Garage Y/NNo
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet6077.0
MLS Area17 - Northwest Huntington Beach
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy DescriptionOwner
Ownership TypeCorporation
Private PoolNo
Property Attached Y/NNo
Property TypeBusinessOpportunity
Rent Control Y/NNo
Senior Community Y/NNo
Standard StatusActive
StatusActive
Street NamePacific Coast
View Y/NNo
Waterfront Y/NNo
Year Built1930
Year Built SourcePublicRecords
ZoningSBT-Sunset Beach Tourist

Exterior for 16321 Pacific Coast Highway

Building Area Total2496.0
Crops Included Y/NNo
Horse Y/NNo
InclusionsBusiness, Land, Building, FF&E, Goodwill, transferable Entertainment License, and Type 48 Liquor License.
Irrigation Water Rights Y/NNo
Lot Size Acres0.1395
Lot Size Area6077.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Open Parking Y/NNo
SpaNo
Total Parking11.0

Additional Details

Price History

1527188455

First Team Client Services

Price $3,600,000
MLS#PW24038678
List Date 02/26/2024
Property Type Business Op
Phone 714.964.3311
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