201 Marine Ave - Office FOR SALE


Newport Beach, CA 92662- Balboa Island
$4,395,000 USD
949-873-3841
201 Marine Ave, Newport Beach, CA for Sale
$4,395,000 USD
Office - FOR SALE
1/18
null | 4.57% Cap Rate

201 Marine Ave
Newport Beach, CA 92662
Balboa Island


HIGHLIGHTS

  • Prime corner location on Marine Avenue with strong foot traffic
  • 100% occupied three-unit retail/office investment
  • $201,033 NOI with built-in rent increases
  • One of the most recognizable storefront properties on Balboa Island
  • Recently renovated with strong in-place tenancy
  • Low operating expenses with stable income profile

OVERVIEW

A boutique multi-tenant retail and office investment located on a prime corner on Balboa Island. This highly visible storefront property is one of the most recognizable buildings on Marine Avenue and has been recently renovated. The property consists of three units with strong in-place income and 100% occupancy. The main unit features vaulted ceilings, private office, conference room, and kitchenette, with two additional units offering separate entrances along Park Avenue. Current rents are approximately $22,000 per month with structured increases already in place, providing a clear path to higher income. The property benefits from low operating costs and strong long-term tenancy, producing over $200,000 in annual net operating income. Ideal for an investor or owner-user seeking a well-located asset with stable income and long-term upside in one of Newport Beach’s most desirable retail corridors.

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$2,192 USD /SF

CAP RATE

4.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1933

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RSC-R

APN/PARCEL ID

050-162-15

ASK ABOUT THIS PROPERTY

Ryan GundersonArbor Real EstateMore Info
949-873-3841

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Ryan GundersonArbor Real EstateMore Info
949-873-3841

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