Green Lantern, Dana Point - Offered by Chris Guziak

Harbor View at Green Lantern, Dana Point

Dana Point Harbor5 Lots on the Dana HeadlandsLocated above Dana CoveView from the HarborWhite water and tall shipsWalk to Strands Park and BeachTall ships below propertyDeescriptionLayoutFeaturesPage 4Deescription

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Five contiguous, large, relatively flat bluff-top lots with extremely desirable top-grade views, ideally located within Dana Point's tourism center and with easy access to several beaches, parks, Lantern Village and the harbor. The views of the harbor, coastline, beaches, city lights and mountains make this property unique. Further, the area where the property is located has become the elite residential district for Dana Point and arguably all of Orange County, with the billion-dollar Headlands luxury residential project less than a quarter mile away. There are existing single-family residences on the property, but the property is offered at land value.Layout1. Bed and breakfast, small spa and/or event location. It is estimated that each of the five lots would support a 3-story home of more than 10,000 square feet of living space, based on prior plans and approvals.2. Luxury single-family residences. It is estimated that the property would support several 3-story homes of more than 10,000 square feet of living space each, based on prior plans and approvals.3. Combine adjacent lots for larger boutique hotel and spa, and/or condos. It is estimated that if combined with the five parcels (which are owned by the same person), an inn could be built with up to 90 rooms, and could generate income of more than $8 million annually. It may additionally be possible to offer a number of condo units for sale or TIC ownership.FeaturesZoning: Visitor Recreation Commercial (V/RC), allowing for hotel, bed and breakfast, care facilities, and other light commercial uses. Because of the existing residential structures, it is also possible to continue use as a single-family residence pending City approval; such a use was planned and permitted as recently as 2006.Combined Size of Parcels: 29,399 Square Feet Infrastructure and Utilities: Public street and utilities are availableAvailability of Similar Properties: None - extremely low supplyLocation Quality: Bluff-front site, ocean side of Rout 1 - extremely high demandView Quality: white-water, harbor, city lights, coastline - superlativeAccess Quality: walk to town and beaches - excellentGeophysical Quality: appears to have performed well; geologic, topographic and survey reports existPage 4Chris Guziakcell 949.285.0509fax 949-315-3894guziak_gmail.comFor more information please visit:www.guziakgroup.com

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