20
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$350,000
Est. payment /mo
Price Dropped by $150K
1525 Mesa Verde Dr E #114 Costa Mesa, CA 92626
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26027592
HOA Y/N No
Property Description
Welcome to MO PHO MI, Authentic Vietnamese Cuisine is Located within the high-traffic Mesa Verde Plaza near the bustling intersection of Harbor Blvd and Adams Ave, this established restaurant enjoys unparalleled visibility and a steady stream of local regulars and tourists. Spanning 1,350 SQFT with an efficient layout, the space features an attractive monthly rent of $4,139 (NNN included), with an additional 250 SQFT of dedicated storage available for just $500/month. This is a rare, high-volume location boasting impressive revenue between $750,000–$800,000, making it a powerhouse for any operator. The sale is truly turn-key, including a coveted Type 41 Beer & Wine License and all professional-grade equipment. The current concept is a beloved, health-conscious Vietnamese pho restaurant (No MSG) that has recently expanded its appeal with an outdoor dining patio and a refreshed drink menu featuring beer, wine, and cocktails. Whether you choose to continue the successful existing brand or bring a fresh new concept to this flexible space, the infrastructure is ready for immediate operation. With the current owner retiring and offering comprehensive training and transition support, this is the perfect hand-off for a first-time owner or a strategic addition to a growing restaurant group.
Location
State CA
County Orange
Area C1 - Mesa Verde
Interior
Fireplace No
Others
Tax ID 13936205
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Listed by Richard Le Frontier Realty Inc 7144687363, DRE #02044899
NEARBY SCHOOL & BUSINESS