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$3,200,000
Est. payment /mo
8,001 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC25078296
HOA Y/N No
Year Built 1927
Lot Size 8,001 Sqft
Property Sub-Type Mixed Use
Property Description
This prime commercial property is situated in the heart of Downtown
San Clemente along the highly visible and well-trafficked El Camino Real
corridor. The subject property is being offered at land value with the
potential for new development. The property consists of two parcels
totaling approximately 8,000 square feet with excellent frontage and
accessibility from both El Camino Real and Avenida de la Estrella.
Currently there is a small building on one of the parcels that is leased to
a massage tenant for $5,000 a month gross rent, and the tenant is on a
month-to-month lease.
The land is zoned Downtown Mixed-Use (MU 3.0). The downtown area
(MU 3.0) is defined in the San Clemente General Plan as the symbolic
"core" of the City, maintaining its pedestrian-oriented village character.
The MU 3.0 zone allows a vertical or horizontal mix of Neighborhood
Serving Commercial (NC) and Community Serving Commercial (CC) —
Attached and multifamily housing is permitted on the second floor or
higher. Commercial development—(nonresidential uses) are allowed in
this zone such as community and tourist-serving retail commercial,
entertainment, restaurants, offices, institutional and public uses.
Residential uses accompanying commercial development are
accommodated within this zone. Along with enhancing the pedestrian
nature of downtown, the inclusion of residential uses into commercial
development will provide housing opportunities for employees and
owners of commercial establishments, as well as others interested in
living in the downtown area.
The subject property presents an outstanding opportunity for an
investor, developer, or business owner looking to establish a presence in
this highly sought-after coastal market.
San Clemente along the highly visible and well-trafficked El Camino Real
corridor. The subject property is being offered at land value with the
potential for new development. The property consists of two parcels
totaling approximately 8,000 square feet with excellent frontage and
accessibility from both El Camino Real and Avenida de la Estrella.
Currently there is a small building on one of the parcels that is leased to
a massage tenant for $5,000 a month gross rent, and the tenant is on a
month-to-month lease.
The land is zoned Downtown Mixed-Use (MU 3.0). The downtown area
(MU 3.0) is defined in the San Clemente General Plan as the symbolic
"core" of the City, maintaining its pedestrian-oriented village character.
The MU 3.0 zone allows a vertical or horizontal mix of Neighborhood
Serving Commercial (NC) and Community Serving Commercial (CC) —
Attached and multifamily housing is permitted on the second floor or
higher. Commercial development—(nonresidential uses) are allowed in
this zone such as community and tourist-serving retail commercial,
entertainment, restaurants, offices, institutional and public uses.
Residential uses accompanying commercial development are
accommodated within this zone. Along with enhancing the pedestrian
nature of downtown, the inclusion of residential uses into commercial
development will provide housing opportunities for employees and
owners of commercial establishments, as well as others interested in
living in the downtown area.
The subject property presents an outstanding opportunity for an
investor, developer, or business owner looking to establish a presence in
this highly sought-after coastal market.
Location
State CA
County Orange
Area 699 - Not Defined
Interior
Fireplace No
Laundry None
Building
Lot Description 0-1 Unit/Acre
Story 1
Water Public
Others
Tax ID 05713311
Special Listing Condition Standard
Read Less Info
Listed by Nathan Holthouser • COASTAL COMMERCIAL • 949-229-2273
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