116 E 16Th St Costa Mesa, CA 92627
Three industrial buildings suitable for mixed-use development in Costa Mesa.
Lot size:
0.73 AcresProperty Features for 116 E 16Th St
General Information
- Standard status
- Active
- Lot size
- 0.73 Acres
Source:
Exprealty
Listing Agency: The Firm Real Estate Services Inc. Listing Agent: Chas Patterson
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Costa Mesa Industrial Opportunity Zone
Three industrial buildings located in an Opportunity Zone in Newport Beach and Costa Mesa are available. The properties, located at 110, 116 and 118 E 16th Street, include a building currently serving as a headquarters for a vintage Ferrari dealer, which could be made available for an owner-user. The other two buildings are occupied by automotive repair shop tenants. The buildings offer a blend of functional office space and spacious warehouses, with ceiling heights of 14+ feet. The building at 116 E 16th Street contains two professional-grade paint booths. Located within Costa Mesa’s 19 West Urban Plan, the site is suitable for mixed-use development. The city plan allows for up to 4 stories with a density of 1.0-1.25 FAR, potentially allowing for development of 30,000 - 40,000 buildable square feet. A city site analysis suggests that 18-36 units could potentially be developed. The location provides access to Newport Blvd, Superior Ave, 17th Street, the 55 Freeway, and Pacific Coast Hwy. The property is suited for auto collectors, restaurant concepts, redevelopment, investors, or owner-users.
Location Intelligence
Current Use by Public Records
Auto shops
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.9240345
- Latitude
- 33.6348167
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Three industrial buildings suitable for mixed-use development in Costa Mesa.
Where is this industrial property located?
The property is located at 116 E 16Th St 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: - Located in a rare "Opportunity Zone" offering potential significant tax advantages.; - Suitable for mixed-use development under Costa Mesa’s 19 West Urban Plan, allowing up to 4 stories and a density of 1.0-1.25 FAR.; - Includes three industrial buildings with functional office space, spacious warehouses, and 14+ foot ceiling heights.