A coastal property that was the long-time home of a Leucadia antiques shop has been sold to a local commercial real estate investment firm, a brokerage said.
Caldwell’s Antiques by Fred Caldwell, the local historian known as “Mr. Leucadia,” was a fixture at the 1,788 square-foot retail and residential building from 1963 through 2023. He died in 2023.
The structure, on almost a tenth of an acre, is located at 1232-1234 N Coast Highway 101.
JLH Capital acquired the property from the Fred Lee Caldwell Estate for an undisclosed price, according to Cushman & Wakefield, which arranged the sale.
The new owner plans to extensively renovate the property and will occupy a portion of the new space for the business’ own offices. The remaining available space, along with an additional 1,645 square foot of patio frontage along N Coast Highway, will be offered for lease. The patio is described as ideal for a restaurant or other service-oriented tenant.
“We are excited to continue to operate our business in Leucadia, in an office we can own and revitalize the property in a way that the entire community can enjoy. As a Leucadia resident, I look forward to finding a restaurant or retail partner for the rest of the space and activate the building in a way that modernizes it and honors the unique history,” said Jen Holm, JLH Capital’s managing partner.
Peter Curry and Owen Curry with Cushman & Wakefield’s Private Capital Group in San Diego represented both the buyer and seller in the transaction.
“This is an outstanding redevelopment opportunity of a site where the investor is going to spend considerable money rehabilitating an existing building to preserve Leucadia’s community character, rather than scraping it and maximizing the buildout potential,” said Peter Curry, executive director at Cushman & Wakefield. “JLH Capital decided to preserve the structure and bring its function and use into the 21st century.”
