A rare opportunity to acquire a distinctive freestanding commercial property in the heart of downtown Laguna Beach. Located at 312 Ocean Avenue, this restored cottage-style building offers prominent street presence and full-building identity, just steps from Main Beach, Forest Avenue, restaurants, galleries, and shopping. An appealing opportunity for an investor seeking a leased commercial property or an owner-user planning a future business location. Architectural details include arched windows, a Dutch entry door, and exposed wood-beam ceilings, creating an inviting setting for a boutique retail concept, gallery, creative office, or artisan business, subject to City approvals. The main commercial space features a single-level layout, complemented by a private courtyard garden and a separate rear studio structure with a kitchenette and adjacent bathroom. The property includes approximately 1,000+ square feet of total improvements, subject to buyer verification, and is directly across from the Peppertree public parking lot, providing convenient access for customers and visitors. A distinctive opportunity for an owner-user or investor seeking a character-rich property within Laguna Beach's walkable downtown coastal district. Buyer to independently verify square footage, zoning, permitted uses, and all property information.