611-615 E Balboa Blvd - Storefront Retail/Residential CONDO FOR SALE


Newport Beach, CA 92661- Balboa Peninsula Point
$2,500,000 USD
650-281-5553
611-615 E Balboa Blvd, Newport Beach, CA for Sale
$2,500,000 USD
Storefront Retail/Residential CONDO - FOR SALE
1/28
null | Request Cap Rate

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 a rare opportunity to acquire condominium commercial units in one of Newport Beach's most recognizable coastal settings. Located along the Balboa Peninsula, the property benefits from immediate access to the beach, waterfront recreation, the Balboa Fun Zone, Balboa Pier, Catalina Island ferry service, and the area's established dining and retail destinations. This highly walkable environment supports commercial tenants within a market characterized by limited ocean-close inventory. The condos offer a desirable combination of beach-oriented lifestyle appeal and long-term ownership potential. The property's location places residents within minutes of Newport Harbor, Balboa Island, Pacific Coast Highway, and John Wayne Airport, providing convenient regional connectivity throughout Orange County and Southern California. Nearby amenities, recreational attractions, and year-round visitor activity contribute to the enduring desirability of the Balboa Village area.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$1,064 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

2,350 SF

STORIES

1

BUILDING CLASS

C

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

ASK ABOUT THIS PROPERTY

Kyle KayeCBREMore Info
650-281-5553

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Kyle KayeCBREMore Info
650-281-5553

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