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307 - 309 Marine Avenue - Jubilee Plaza, Newport Beach, CA
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307 - 309 Marine Avenue - Jubilee Plaza
Newport Beach, CA 92662-1200 - Newport Beach Submarket
.1 AC (4,487 SF)
For Sale Price:
3 Covered spaces are available; Ratio of .55/1,000 SF
Includes 3 2/2 luxury apartments w garages
5 retail units
FABULOUS MIXED USE RETAIL/RESIDENTIAL BUILDING ON BEAUTIFUL BALBOA ISLAND. Undoubtedly the finest building on Balboa Island's Marine Ave. This outstanding building has five retail shops and three wonderful apartments with garages, on a rare double lot. It is within a block and half of the bay on both the north and south sides of the Island. Balboa Island is one of California's most visited beach communities with tourist coming from all over the country and is a year round tourist destination.
Many of the rents are substantially below current market rate so there is room for an upside return.
This is an extremely rare opportunity to purchase a mixed use property on Balboa Island
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Cushman & Wakefield
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