2744 E. Coast Hwy Corona del Mar
Coastal Commercial is pleased to offer 2744 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 ±5,750 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 50,000 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, 2744 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, 2744 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.
Investment Sale Details
List Price
$10,000,000
Square Feet (GLA)
5,750
Current Cap Rate
4.39%
- PREMIER COAST HIGHWAY LOCATION - Situated along Pacific Coast Highway (PCH), the main retail and commuter corridor through Corona del Mar with excellent frontage and signage visibility to ±50,000+ vehicles per day
- MULTI-TENANT RETAIL ASSET - Approximately ±5,750 SF building on approximately 0.25 acres with a diverse tenant mix including food, beauty, and service-oriented uses creating daily traffic synergy.
- ON-SITE PARKING AMENITY - Approximately 21 on-site parking spaces—an attractive feature in a constrained coastal retail market
- IRREPLACEABLE INFILL LOCATION - Located in the heart of Corona del Mar’s village retail district, surrounded by luxury homes, boutique shops, and destination dining. Minutes from major demand drivers including Fashion Island, Balboa Island, and world-class beaches
- AFFLUENT COASTAL DEMOGRAPHICS - Average household incomes exceed $200,000 within the immediate trade area and the median household income within 1 mile approaches ± $180K+, ranking among the top U.S. coastal markets
- PRIDE OF OWNERSHIP ASSET - Opportunity to acquire a stabilized property in a truly irreplaceable location. Properties like this are typically purchased as long-term investments and serve to preserve wealth and provide a reliable income. It is a pride of ownership property with incredible intrinsic value.
- WALKABLE, HIGH-TRAFFIC ENVIRONMENT - Walk Score of 94 (“Walker’s Paradise”) supporting consistent foot traffic and retail demand with dense concentration of daily-needs and experiential retail in immediate vicinity