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126 Orange Avenue
Coronado, CA 92118

Price: $5,500,000 Zoning: CN, Coronado
Bldg SF: 9,180 SF Price/SF: $599
Land SF: 6,970 SF Price/SF (Land): $789
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Address: 126 Orange Avenue, Coronado, CA 92118
Price: $5,500,000
Bldg SF: 9,180 SF
Land SF: 6,970 SF
Price/SF: $599
Click to View Offering MemorandumClick to Print Offering Memorandum

Exclusively Listed by:
Brandon Michaels
(818) 212-2794
bmichaels@marcusmillichap.com
License # 01434685

Investment Highlights

Excellent Coronado Location

 

 

  • Resort community home to two Naval bases, lovely residential homes, and stunning beaches

  • Spectacular views of downtown San Diego Skyline

  • Ideally located just steps from the Coronado Ferry Center and Centennial Park

  • 13,118 total population within 1 Mile radius

  • Median home value of $1,0432,242 within 1 Miles radius

  • Affluent sub-market with an average income north of $140,000 within one mile of the subject property

 

Unique Investment or Owner-User Opportunity

 

 

  • First floor restaurant Village Cocina & Cantina features 6,447 SF with outdoor seating

  • Restaurant is on a month to month lease basis, and can be delivered vacant to an Owner-User Buyer

  • Restaurant contains a highly sought-after California Type 47 liquor license, which can be transferred in a sale

  • Restaurant rent is significantly below market, creating a unique value-add opportunity

  • Low Retail Vacancy rate of 1.1% for Q1 2020

 

Pride of Ownership Asset in Trophy San Diego County Location Completely Renovated

 

  • Property was completely renovated in 2012

  • Brand new roof

  • New exterior facade, windows, doors, and restaurant improvements

  • Fully sprinklered with new lighting, plumbing, electrical, sewer, concrete, foundation reinforcements and more

 

Strong Immediate Tourist Area Creates Business Friendly High Traffic Walkable Environment

 

  • Ideally situated at the beginning of Orange Avenue, the main retail thoroughfare through Coronado Island

  • Walk Score of 83/100

  • One block from Coronado Ferry Center and Centennial Park

  • Plethora of dining options, retailers, hotels, and nightlife in the immediate area