611-615 E Balboa Blvd - Storefront Retail/Residential FOR SALE
Newport Beach, CA 92661- Balboa Peninsula Point |
$2,500,000 USD
714-504-0262
611-615 E Balboa Blvd
Newport Beach, CA 92661
Balboa Peninsula Point
HIGHLIGHTS
- Owner-User Coastal Retail Opportunity - Rare opportunity to own (not lease) ground-floor retail in Newport Beach, with the ability to occupy
- Steps From the Beach & Coastal Attractions- Less than 300 feet from Balboa Beach and minutes from the Balboa Fun Zone, boardwalk, and waterfront
- ±2,443 SF Across Three Retail Suites - Three (3) ground-floor retail suites totaling approximately ±2,443 SF, ideal for owner-users or value-add
- Immediate Upside in Leasing two of the vacant units while collecting income from the Nail Salon tenant in the short term
OVERVIEW
611–615 E. Balboa Boulevard presents an opportunity to acquire the ground floor commercial units of a mixed-use project situated in coastal Newport Beach. The offering consists of three commercial condominium units (Suite 611: ±983 SF) and Suites 613 & 615: combined ±1,460 SF) each benefiting from dedicated garage parking and excellent visibility along the Balboa Peninsula.
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$1,064 USD /SF
CAP RATE
Request Cap Rate
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Residential
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1990
SPRINKLERS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
0.23 AC
LAND SF
10,032 SF
ZONING
CC
APN/PARCEL ID
048-123-13,048-123-15
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714-504-0262
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714-504-0262
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