Commercial building with a vine-covered gray facade, storefront windows, planters, and parking spaces.
Car-filled garage with a red Ferrari beneath exposed timber trusses and skylights.
Aerial view of 116 E 16th Street, with its red-outlined parcel, auto-service buildings, and parking lot.
Industrial property with a gated paved lot and gray warehouse buildings.
Aerial view of a commercial property with a central parking courtyard, cityscape, and hills in the distance.
Garage showroom packed with sports cars beneath exposed timber roof trusses.
Automotive showroom with sports cars beneath exposed timber roof trusses and large grid windows.
Garage filled with classic and sports cars beneath an exposed timber-truss ceiling.
Automotive showroom filled with classic cars beneath exposed timber trusses and skylights.
Office with a large desk, leather sofa, and model airplanes hanging from the exposed wood ceiling.
Office with a large wooden desk, built-in shelving, and model airplanes hanging from exposed ceiling beams.
Furnished office with an exposed wood-beam ceiling, memorabilia-covered walls, and a wooden desk.
Furnished office with license plate-covered walls, exposed beams, desks, and a long bookshelf.
Gray commercial workshop with open garage bays and vehicles parked in a gravel yard.
Gray workshop with an open garage bay, gravel lot, and several vintage cars.
Auto repair garage with exposed rafters, vehicles, and a mechanic.
Industrial building and crowded parking lot with puddles and a yellow Corona canopy.
Commercial parking lot between low buildings, with parked vehicles, puddles, and a blue-and-yellow canopy.
Automotive service facility with gray workshop buildings, parked cars, and a cracked central driveway.
Automotive workshop with vehicles and repair equipment beneath exposed timber roof trusses.
Large garage with exposed timber trusses, skylights, shelving, and several cars.
Auto workshop with exposed wooden roof trusses and a white classic coupe in the foreground.
Office with desks and computers, a dark accent wall, and sunlight streaming through tall windows.
Aerial view of commercial buildings and parking lots, with distant hills on the horizon.
Commercial auto repair courtyard crowded with vehicles, viewed from above; a Corona Extra canopy stands beside the rear building.
Aerial view of a mixed commercial and residential area, with broad roads and distant hills.
Aerial view of coastal streets and commercial buildings, with the ocean on the horizon.
Aerial view of a coastal neighborhood with the ocean beyond its buildings and roads.
Aerial view of warehouse buildings and nearby homes, with the ocean visible in the distance.
SEE ALL PHOTOS
Commercial building with a vine-covered gray facade, storefront windows, planters, and parking spaces.
Car-filled garage with a red Ferrari beneath exposed timber trusses and skylights.
Aerial view of 116 E 16th Street, with its red-outlined parcel, auto-service buildings, and parking lot.
Industrial property with a gated paved lot and gray warehouse buildings.
Aerial view of a commercial property with a central parking courtyard, cityscape, and hills in the distance.
Garage showroom packed with sports cars beneath exposed timber roof trusses.
Automotive showroom with sports cars beneath exposed timber roof trusses and large grid windows.
Garage filled with classic and sports cars beneath an exposed timber-truss ceiling.
Automotive showroom filled with classic cars beneath exposed timber trusses and skylights.
Office with a large desk, leather sofa, and model airplanes hanging from the exposed wood ceiling.
Office with a large wooden desk, built-in shelving, and model airplanes hanging from exposed ceiling beams.
Furnished office with an exposed wood-beam ceiling, memorabilia-covered walls, and a wooden desk.
Furnished office with license plate-covered walls, exposed beams, desks, and a long bookshelf.
Gray commercial workshop with open garage bays and vehicles parked in a gravel yard.
Gray workshop with an open garage bay, gravel lot, and several vintage cars.
Auto repair garage with exposed rafters, vehicles, and a mechanic.
Industrial building and crowded parking lot with puddles and a yellow Corona canopy.
Commercial parking lot between low buildings, with parked vehicles, puddles, and a blue-and-yellow canopy.
Automotive service facility with gray workshop buildings, parked cars, and a cracked central driveway.
Automotive workshop with vehicles and repair equipment beneath exposed timber roof trusses.
Large garage with exposed timber trusses, skylights, shelving, and several cars.
Auto workshop with exposed wooden roof trusses and a white classic coupe in the foreground.
Office with desks and computers, a dark accent wall, and sunlight streaming through tall windows.
Aerial view of commercial buildings and parking lots, with distant hills on the horizon.
Commercial auto repair courtyard crowded with vehicles, viewed from above; a Corona Extra canopy stands beside the rear building.
Aerial view of a mixed commercial and residential area, with broad roads and distant hills.
Aerial view of coastal streets and commercial buildings, with the ocean on the horizon.
Aerial view of a coastal neighborhood with the ocean beyond its buildings and roads.
Aerial view of warehouse buildings and nearby homes, with the ocean visible in the distance.
Listed by Chas Patterson CA DRE# 01935216 with Chas Patterson Realty 949-295-0610
For Sale

116 E 16th Street

116 E 16th Street, Costa Mesa, CA 92627

$9,999,000
Three highly desirable industrial buildings in a rare "Opportunity Zone" in the heart of Newport Beach and Costa Mesa are now available! The properties consist of 110, 116 and 118 E 16th Street. 110 E 16th Street currently serves as the headquarters for a top tier vintage Ferrari dealer (which can be made available for an owner-user) and the 116 and 118 E 16th Street buildings are occupied by automotive repair shop tenants. The buildings feature a quality blend of functional office space, spacious warehouses and 14+ foot ceiling heights. The 116 building also contains two professional grade paint booths.

As part of Costa Mesa's 19 West Urban Plan, this site is suitable for mixed use development. The city's specific plan allows for up to 4-stories with a density of 1.0-1.25 FAR, which could allow for development of 30,000 - 40,000 buildable square feet. According to one city site analysis, it appears that 18-36 units could potentially be developed.

This prime location sits near Newport Blvd, Superior Ave, 17th Street, the 55 Freeway and Pacific Coast Hwy with easy access to everything. In addition, there is potential for significant tax advantages by investing in a designated "Opportunity Zone" (see https://economicdevelopment.business.ca.gov/place-based-strategies/opportunity-zones/ for further information). All of this combined with the fact that this area is growing in popularity with trendy restaurants, retail stores, residential neighborhoods and its close proximity to the best beaches, entertainment and hospitals in Orange County make this an amazing property for investment or owner-user.

This property is perfect for auto collectors, restaurant concepts, redevelopment, investors or owner-users.

14,990 Sq.Ft. LIVING AREA

0.73 Acres lot

Chas Patterson

Chas Patterson

Features & Amenities

Interior

  • Laundry room None

Area & Lot

  • Status For Sale
  • Living Area14,990 Sq.Ft.
  • Total Area14,990 Sq.Ft.
  • Lot Area0.73 Acres
  • MLS® IDOC24093070
  • TypeCommercial
  • YEAR BUILT1946

Exterior

  • STORIES1
  • water SourcePublic
  • utilitiesCable Connected, Electricity Connected, Sewer Connected, Water Connected

Financial

  • Sales Price$9,999,000
  • Zoning Light Industrial
Car-filled garage with a red Ferrari beneath exposed timber trusses and skylights.

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Schedule a Tour

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 116 E 16th Street, Costa Mesa, CA 92627. We are reviewing your request and will be in touch shortly!
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With years of experience in the Southern California market, Chas Patterson and his team bring unparalleled knowledge and insight to every transaction. Our innovative approach leverages cutting-edge technology and proprietary systems to provide our clients.
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Contact Details

Chas Patterson | CA DRE# 01935216

Phone

(949) 295-0610

Email

[email protected]

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