[IMGCAP(1)]LAGUNA BEACH, CA-The landmark Royal Hawaiian restaurant property along Pacific Coast Highway has hit the market, with Beverly Hills-based owner Shura Laguna LLC assigning the listing to Faris Lee Investments of Irvine. The property, at 331, 353 and 369 N. Coast Hwy., has been a favorite of locals and tourists since 1947.

Occupied by the Royal Hawaiian Restaurant & Bar and by Adam Neeley Fine Art Jewelry, the property totals 7,410 sf of building space on a .39-acre lot, with an on-site parking lot with 34 stalls. Jeff Conover, senior managing director with Faris Lee Investments, has the listing.

Properties coming to market along the coast are rare, and Conover points out that this one is on the seaside of Pacific Coast Highway in a high-profile location. He calls it “a secure and stable NNN-leased investment with below market rents in a popular trade area with very low vacancy.”

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