Coastal Commercial is pleased to offer for sale 314-322 North Old Newport Boulevard located in the City of Newport Beach. The subject property consists of an approximately 4,500 square foot building and a 12,197 square foot lot directly facing Hoag Hospital. This highly coveted area is home to several top medical groups who have invested in state-of-the-art facilities. Currently the building is vacant creating flexibility for an owner/user, investor or developer. The large lot is poised for a modern development project. Demonstrated by recent developments on Old Newport Boulevard, the lot creates an opportunity for subterranean parking, parking access from Holmwood Dr. behind the property, 2-story construction, and ocean views throughout several vantage points. The property is near Hoag Hospital, Mariners Mile, Lido Village, the Balboa Peninsula, Newport Bay, and just down the street from 17th Street in Costa Mesa. It is an ideal location for office or mixed-use and lends itself particularly well to potential medical use.