2301-2307 W Balboa Blvd - Storefront FOR SALE


Newport Beach, CA 92663- Newport Pier
$2,950,000 USD
949-229-2273
2301-2307 W Balboa Blvd, Newport Beach, CA for Sale
$2,950,000 USD
Storefront - FOR SALE
1/13
null | Request Cap Rate

2301-2307 W Balboa Blvd
Newport Beach, CA 92663
Newport Pier


OVERVIEW

Coastal Commercial is pleased to present a premier investment opportunity at 2301-2309 W. Balboa Blvd, Newport Beach, CA. Located in the highly desirable City of Newport Beach, this property consists of a 2,617-square-foot building situated on a 3,920 square foot lot. Just steps from the world-famous Newport Peninsula, Pacific Ocean, and Newport Pier, the location is highly coveted. Surrounded by a vibrant mix of retailers, restaurants, and essential services, the property benefits from exceptional walkability. Newport Harbor, Lido Village, Cannery Village, and the Pacific Ocean are all within the surrounding area, further enhancing its appeal. The small unit sizes make each space highly desirable for many types of businesses. The frontage along Balboa Blvd. provides great visibility and foot traffic. The building also benefits from 3 parking spaces that can be utilized by the tenants and patrons. Currently, two of the three occupants are on month-to-month leases, providing significant flexibility for an owner/user, investor, or developer. This offering presents an outstanding opportunity for a modern redevelopment project to maximize the income potential. With its prime location and upside potential, this property is an exceptional prospect for future growth in one of Southern California’s most coveted markets.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$1,101 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

-

APN/PARCEL ID

047-142-25

ASK ABOUT THIS PROPERTY

Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

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Nathan HolthouserCoastal Commercial Inc.More Info
949-229-2273

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.