1810 Newport Blvd - Retail FOR SALE


Costa Mesa, CA 92627- Downtown Costa Mesa
$4,300,000 USD
714-928-6171
1810 Newport Blvd, Costa Mesa, CA for Sale
$4,300,000 USD
Retail - FOR SALE
1/26
null | 4.95% Cap Rate

NEW


1810 Newport Blvd
Costa Mesa, CA 92627
Downtown Costa Mesa


OVERVIEW

Hopkins Investment Group, in affiliation with Jake J. Hopkins (Broker), is pleased to present the opportunity to acquire a fee simple interest in 1810 Newport Boulevard, a highly visible multi-tenant retail asset located at the confluence of Newport Blvd and Harbor Blvd, one of the busiest intersections in all of Orange County. The offering consists of three buildings on two parcels totaling ±0.23 acres with approximately ±4,975 SF of building area. Five units occupy the site, including three storefront spaces fronting Newport Blvd, which sees a remarkable ±90,000 vehicles per day. Two additional rear units are currently used for office and storage. One of the most appealing features of this property is it has a private pedestrian walkway which connects the rear parking area to the Newport Blvd sidewalk, providing patrons easy access to all units. The street-facing units include 1806–Barbershop, an L-shaped space with a front retail area and a large private entertainment room that has long been home to Hawleywood’s Barbershop, founded by the creator of the men’s grooming brand, Layrite; 1808–Jewelry Shop, an efficient 14' x 50' retail unit with 10-foot ceilings; and 1810 #A/B–Fitness Studio, an approximately 18' x 50' space with 12-foot ceilings and expansive glass windows. The property includes nine dedicated on-site parking spaces plus shared access to the City of Costa Mesa public lot behind the site. Zoned C2–General Business, the property supports a wide range of commercial uses and benefits from AB 2097, eliminating minimum parking requirements due to nearby transit. All tenants are currently month-to-month, creating flexibility for an owner-user or value-add investor. This offering presents a rare opportunity to acquire a generational asset along one of Costa Mesa’s most traveled corridors while generating immediate rental income from day one.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$864 USD /SF

CAP RATE

4.95%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

C2

APN/PARCEL ID

425-451-03,425-451-04

ASK ABOUT THIS PROPERTY

Corey HopkinsHopkins Investment GroupMore Info
714-928-6171

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Corey HopkinsHopkins Investment GroupMore Info
714-928-6171

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