MLS® ID: PW19067844
24632 San Juan Avenue
Dana Point, California, 92629 $1,500,000
Dana Cove Professional Building is a stylish two-story commercial building located in the heart of Dana Point's Lantern Bay/Town Center, which is the city's most dynamic neighborhood with several sizable mixed-use projects under construction within a few hundred yards of the subject. Most notable is Prado West, a three-story mixed-use project with 109 residential condominium units and 27,000 square feet of commercial space, located just to the west of the subject. The subject was built in 1982, is a woodframe and stucco building which is currently configured into ten office suites occupied by seven tenants. Most occupancies are month-to-month or short-term leases. There are a total of ten on-site parking spaces, including a handicap space, located in a concrete surface lot at the rear of the parcel. Properties in the neighborhood are zoned TC-MU, a mixed-use designation. This zoning allows the possibility of properties, subject to planning and building regulations, to be used for a wide range of businesses including, but not limited to retail stores, office suites, live/work spaces, multi-family dwelling units, hotels, bed & breakfast facilities, food services, bars, nightclubs and liquor stores.
Dana Point is emerging as one of Southern California'a prime ocean-oriented resort destinations. For an owner/user occupying at least 51% of the square footage, very favorable SBA loans are available with up to 90% LTV and an annual interest rate of approximately 5%.