20342 LAGUNA CANYON ROAD, LAGUNA BEACH
$2,900,000
Zoned M1-B (Light Industrial, Commercial, or Residential) in Laguna Canyon, surrounded by a state park and open space. This property is being sold along with the neighboring property at 20326 Laguna Canyon Rd. The 2 properties combined (appx 18992 SqFt) offer 180 feet of frontage to Laguna Canyon Road with numerous design possibilities and excellent exposure. City of Laguna Beach will allow up to 3 stories on the lot, ideal for development with main level parking and 2 levels of offices/art studios/student housing above. Laguna Beach has a population of 22,000 & receives over 3 million visitors per year most of whom drive past this perfectly situated property. This property is lactated minutes from the main beach, the village, major freeways, and Orange County Airport.
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