Industrial Flex Buildings with Paint
For Sale
$9,999,000
116 E 16th Street, Costa Mesa, CA 92627
Three connected industrial buildings offer office support, warehouse space, and 14+ foot ceilings with paint booths at 116 E 16th.
Property Size14,990 SF
Price / SF$667.04
Days on Market876
Property Features for 116 E 16th Street
General Information
Standard status
Active
Size
14,990 SF
Property subtype
Commercial/Industrial
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Clear Height
14 ft
Multifamily Units
36
Building Details
Year Built
1946
Stories
4
Listing Agency:
Chas Patterson Realty
(949) 877-8827
Listed By:
Chas Patterson · License #01935216
(949) 295-0610
Source:
Exitrealty
Added: May 9, 2024
Changed: Sep 5
Last Checked: Sep 15 at 4:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Chas Patterson Realty
Investment Insights
Based on property information with market context.
This offering includes three highly desirable industrial buildings at 110, 116, and 118 E 16th Street. The buildings combine functional office space with spacious warehouse areas and 14+ foot ceiling heights. 110 E 16th Street is currently used as the headquarters for a vintage Ferrari dealer, which can be made available for an owner-user. The 116 E 16th Street building includes two professional-grade paint booths, supporting automotive and related operational needs.
The site is positioned in an Opportunity Zone and is described as being suitable for mixed use development under Costa Mesa’s 19 West Urban Plan. The city’s specific plan allows for up to four stories with density of 1.0–1.25 FAR, with one analysis suggesting approximately 30,000 to 40,000 buildable square feet and potentially 18 to 36 units.
For operators, the existing configuration supports automotive repair and similar industrial uses, with dedicated paint booth capacity at 116 E 16th Street and broad warehouse clear-height. For developers and investors, the property’s Opportunity Zone status and mixed-use planning framework present a redevelopment pathway while retaining an income-producing, automotive-oriented building base.
The site is positioned in an Opportunity Zone and is described as being suitable for mixed use development under Costa Mesa’s 19 West Urban Plan. The city’s specific plan allows for up to four stories with density of 1.0–1.25 FAR, with one analysis suggesting approximately 30,000 to 40,000 buildable square feet and potentially 18 to 36 units.
For operators, the existing configuration supports automotive repair and similar industrial uses, with dedicated paint booth capacity at 116 E 16th Street and broad warehouse clear-height. For developers and investors, the property’s Opportunity Zone status and mixed-use planning framework present a redevelopment pathway while retaining an income-producing, automotive-oriented building base.
Key Highlights
- Three connected industrial buildings: 110, 116, and 118 E 16th Street in a designated Opportunity Zone
- 110 E 16th Street serves as a headquarters for a vintage Ferrari dealer; owner‑user space available
- 116 and 118 E 16th Street are occupied by automotive repair shop tenants
Property Analytics
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Current Use
Lease Details
14 ft
Clear height
36
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,432
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92627, CA
61,764
Population
23,286
Households
2.7
Avg Household Size
36
Median Age
42%
College-Educated
85%
High-School Grad
6.4 sq mi
ZIP Area
9,651
Density / Sq Mi
$105,039
Median Household Income
$49,236
Median Earnings
$2,299
Median Rent
$1,074,900
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - Three connected industrial buildings offer office support, warehouse space, and 14+ foot ceilings with paint booths at 116 E 16th.
Where is this flex space located?
The property is located at 116 E 16th Street Costa Mesa, CA.
What is the asking price?
The asking price for this property is $9,999,000.
What are key features of this property?
This property features: Three connected industrial buildings: 110, 116, and 118 E 16th Street in a designated Opportunity Zone; 110 E 16th Street serves as a headquarters for a vintage Ferrari dealer; owner‑user space available; 116 and 118 E 16th Street are occupied by automotive repair shop tenants
