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2952 Randolph Ave
Costa Mesa, CA 92626 Costa Mesa

$9,600 USD/MO

Restaurant For Lease  •  1,600+ SF

Property Details

  • Property Type Restaurant
  • Year Built 1963
  • Total Building Size 6,400 SF
  • Tenancy Multiple
  • Building Class C
  • Zoning Commercial
40 Transit Score
83 Walk Score

4 Spaces Available

Name Space Use Size Rent Details
1st Floor Ste A Retail 1,600 SF $72.00 USD/SF/YR
SEE PROPERTY DESCRIPTION.

  • Date available: 60 Days
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Restaurants And Cafes
  • Space Type: Relet
1st Floor Ste B Retail 1,600 SF $72.00 USD/SF/YR
This space is currently being used for auto repair.  Please do not disturb current tenant.  All showings by appointment only.

  • Date available: 120 Days
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Standard Retail
  • Space Type: Relet
1st Floor Ste C Retail 1,600 SF $72.00 USD/SF/YR
This space is currently being used as a cabinet making shop.  Please do not disturb current tenant.  All showings by appointment only.

  • Date available: 120 Days
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Standard Retail
  • Space Type: Relet
1st Floor Ste D Retail 1,600 SF $72.00 USD/SF/YR
This space is currently being used for auto services.  Please do not disturb current tenant.  All showings by appointment only.

  • Date available: 120 Days
  • Lease term: Negotiable
  • Service type: Modified Gross
  • Built out as: Standard Retail
  • Space Type: Relet

Description

This is a unique opportunity to either purchase an existing bakery or provide "Key Money" for the space. Also, there is a opportunity to secure a larger footprint at this building. There are 3 additional 1600 sq.ft. adjacent units that could  become available. Call for details. IMPORTANT NOTE: These buildings are NOT for sale. No Real Estate Purchase Offers will be responded to or considered. This is  a lease and / or business purchase opportunity only. DO NOT DISTURB ANY TENANTS. SHOWINGS BY APPOINTMENT ONLY.

Business Description
Located in the Popular SoBeCa District in Costa Mesa, California.

Established Wedding Cake Catering and Retail Bakery - Penelope's Perfections

Prime Business Opportunity in Costa Mesa's Trendy SoBeCa District

This well-established bakery has been serving Orange County since 2013, specializing in custom gourmet buttercream cakes, cupcakes, and artisan desserts. Located in the popular SoBeCa district of Costa Mesa, this 1,600 square foot bakery benefits from high foot traffic in a creative, walkable neighborhood known for its independent businesses and eco-conscious community.

Business Highlights:
• Premium scratch bakery using finest all-natural ingredients without preservatives
• Signature European Swiss meringue buttercream frosting
• Specializes in wedding, engagement, anniversary, birthday, and custom event cakes
• Full dessert menu including mini desserts, iced sugar cookies, gourmet cookies, cake pops, and pies
• Uses high-quality Dutch cocoa and Belgian chocolates
• Maintains 4.7-5.0 star rating reputation
• Preferred vendor at top Orange County wedding venues
• Established loyal customer base

Location Benefits:
• Situated in SoBeCa, centered around The LAB Anti-mall and The Camp
• Surrounded by unique boutiques, indie eateries, local art galleries, and breweries
• High visibility in trendy, walkable district
• Strong community of creative, quality-focused businesses

Growth Potential:
• Opportunity to expand footprint at current location
• Potential for additional locations
• 10-year lease with two 5-year renewal options provides stability
• Room for expansion based on new owner's vision and effort

Financial Details:
• Asking Price: $550,000
• Monthly Lease: $9,600
• Lease Expires: April 1, 2026
• Unit Size: 1,600 square feet, Building Size: 6400 sq.ft.

Owner retiring after building successful operation over 11 years. This turnkey bakery represents an excellent opportunity to acquire an established business with strong reputation, prime location, and significant growth potential in Orange County's thriving market.

Post-sale support negotiable with current owner.

Highlights

Turn key Retail / Wedding Cake Catering Bakery. 4.7 -5.0 Star Bakery. Street front exposure. Highly desirable retail location. Lot's of foot traffic.
Built-in displays/ counter/showroom. Small patio with bistro tables for retail customers. Light / bright / Supper Cute.

Major Tenants

Tenant SF Occupied Lease End Date
Acura Independent Specialists
Penelope's Perfections

Public Transportation

Commuter RailDriveWalkDistance
Tustin (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 6.5 mi
Santa Ana (Inland Empire-Orange County Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 8.0 mi
AirportDriveWalkDistance
John Wayne/Orange County 3 min - 1.3 mi
Long Beach (Daugherty Field) 26 min - 20.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Roderick Graham 949-244-8611 Gordon Graham Properties
Roderick Graham 949-244-8611 Gordon Graham Properties