222 Marine Ave - Storefront Retail/Residential FOR SALE


Newport Beach, CA 92662- Balboa Island
$4,200,000 USD
949-422-6657
222 Marine Ave, Newport Beach, CA for Sale
$4,200,000 USD
Storefront Retail/Residential - FOR SALE
1/4
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222 Marine Ave
Newport Beach, CA 92662
Balboa Island


OVERVIEW

Rare mixed-use opportunity on Balboa Island. Property features two ground-floor retail spaces (both occupied) and a 2-bedroom, 2-bath apartment on the second floor. The apartment is currently vacant and offered for lease, creating a great opportunity for an owner-user to live on the island while collecting income from the retail units below. Excellent investment or owner-user opportunity in one of Southern California’s most desirable coastal communities with strong foot traffic, charming shops, restaurants, and year-round visitors. Rare chance to own income-producing property and enjoy the Balboa Island lifestyle.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$2,637 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1941

SPRINKLERS

-

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,265 SF

ZONING

RSC-R, Newport Beach

APN/PARCEL ID

050-163-03

ASK ABOUT THIS PROPERTY

Chuck IversonChuck Iverson DRE#01241096More Info
949-422-6657

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Chuck IversonChuck Iverson DRE#01241096More Info
949-422-6657

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