Costa Mesa, California

🌿 11,326 SF Two-Story Office Building | C1 Zoning (Cannabis-Eligible) | Prime Coastal Corridor Near Newport Beach

📊 Investment Highlights

• Asking Price: $5,900,000

• Building Size: 11,326 SF

• Lot Size: 0.73 Acres (31,799 SF)

• Zoning: C1 (Local Business District) — permits professional office, retail, mixed-use, hospitality, and cannabis uses

• Occupancy: 72.3% (value-add potential)

• Investment Type: Value Add / Owner-User / Development Opportunity

• Stories: 2 | Buildings: 2

• Units: 29 individual suites

• Year Built: 1986

• Construction Class: C

• Parking: 49 surface spaces (4.3/1,000 SF ratio)

• Traffic Exposure: 21,000+ vehicles daily on W. 19th Street

• Location: Border of Costa Mesa and Newport Beach, near Triangle Square

• APN: 424-201-03

• Ownership: Fee Simple

🧾 Executive Summary

Marcus & Millichap is pleased to present 777 W 19th Street, a two-story professional office and retail propertystrategically located in Costa Mesa, California, one of Orange County’s most dynamic coastal markets. Totaling 11,326 square feet on 0.73 acres, the asset combines prime exposure, flexible zoning, and strong surrounding demographics, making it an ideal acquisition for investors, developers, or owner-users.

Positioned along West 19th Street, one of Costa Mesa’s busiest corridors, the property enjoys exceptional visibility with 21,000+ daily vehicles and proximity to key connectors including the CA-55 Freeway, I-405, and Pacific Coast Highway (PCH). The building is within minutes of Triangle Square, a high-traffic shopping, dining, and entertainment destination, and adjacent to Newport Beach, known for its affluent population and business ecosystem.

Zoned C1 (Local Business District), the site supports a broad range of uses — including professional office, retail, mixed-use, hospitality, and cannabis operations. With 72% occupancy, the property presents immediate income with room for value-add optimization through leasing, repositioning, or adaptive reuse.

The 0.73-acre parcel includes 49 surface parking spaces, making it well suited for tenants requiring ample customer access. The site’s coastal adjacency, transit connectivity, and zoning flexibility establish it as one of the most compelling mixed-use opportunities available in the submarket.

🏢 Property Overview

• Type: Land / Mixed Use / Office / Retail

• Subtype: Storefront / Traditional Office / Shopping Center / Cannabis-Eligible

• Investment Type: Value Add / Owner-User / Investor

• Building Size: 11,326 SF

• Lot Size: 0.73 Acres

• Stories: 2

• Buildings: 2

• Units: 29 Suites

• Occupancy: 72.3%

• Parking: 49 Spaces

• Zoning: C1 (Local Business District)

• Permitted Uses: Office, Retail, Hospitality, Cannabis

• Year Built: 1986

• Construction Class: C

• APN: 424-201-03

• Ownership: Fee Simple

• Asking Price: $5,900,000

📍 Location Advantage

Ideally situated minutes from Newport Beach, this property benefits from dense demographics, high traffic counts, and proximity to major highways connecting the coastal and inland regions of Orange County. Surrounding amenities include Triangle Square, boutique retail, fitness centers, restaurants, and professional offices, all contributing to a vibrant mixed-use environment.

The C1 zoning further enhances the property’s appeal by enabling cannabis retail and mixed-use redevelopment, rare within this coastal corridor. Its strategic position between residential and commercial nodes, coupled with easy access to CA-55, I-405, SR-73, and PCH, makes it ideal for operators seeking visibility, flexibility, and long-term growth potential.

This property represents a premium opportunity to secure a coastal Orange County asset offering income stability, repositioning potential, and zoning flexibility in one of the region’s most supply-constrained markets.