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16321 Pacific Coast Highway

Sunset Beach, CA 90742

PRICE REDUCED

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-$150,000 (-4.17%)

$3,450,000

List Price

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bed Beds

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straighten / sqft

1930

calendar_month Built

Property Description

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.

Listing Information

List Price $3,450,000
Status Active
MLS PW24038678
Type Business
Year Built 1930
Lot Size 6,077
Structure Size N/A
DOM 166
Courtesy Of Coldwell Banker Commercial
Listing Agent Kathie Sitton DRE#00980073

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

home_work Nearby Properties

Image

$3,450,000

king_bed N/A
shower N/A
straighten N/A
straighten 6,077
16321 Pacific Coast Highway,

Sunset Beach, CA 90742
Image

$9,250/month

king_bed 4
shower 5
straighten 3,200
straighten 1,433
2 B Surfside,

Surfside, CA 90740
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$2,999,999

king_bed 4
shower 4
straighten 2,799
straighten 910
6 B Surfside,

Surfside, CA 90743
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$3,950/month

king_bed 3
shower 2
straighten 1,200
straighten 2,614
16421 25Th Street, #B,

Sunset Beach, CA 90742
Image

$2,200,000

king_bed 3
shower 4
straighten 2,017
straighten 1,548
7 B Surfside Avenue,

Surfside, CA 90743

Listing information courtesy of: Kathie Sitton, Coldwell Banker Commercial . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 13th, 2024 at 7:40 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.