6700-6710 West Coast Hwy - Retail FOR SALE


Newport Beach, CA 92663- West Newport Beach
$5,100,000 USD
949-547-2213
6700-6710 West Coast Hwy, Newport Beach, CA for Sale
$5,100,000 USD
Retail - FOR SALE
1/9
null | Request Cap Rate

6700-6710 West Coast Hwy
Newport Beach, CA 92663
West Newport Beach


HIGHLIGHTS

  • Coastal Value-Add Opportunity | Immediate Lease-Up Potential
  • Lido Isle | Balboa Peninsula (7.3M Visitors) | Orange County
  • Hoag Hospital (443 Beds) | Fashion Island (1.5M SF) | John Wayne Airport (11.3M+ Passengers Annually)
  • Signalized, Hard Corner Intersection | Centralized Location | Positioned Along Pacific Coast Highway (65,000 VPD)
  • Strong Demographics in 5-Mile Trade Area | Affluent Incomes

OVERVIEW

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a rare, value-add, multi-tenant retail and mixed use investment opportunity located along Pacific Coast Highway in Newport Beach, California (Orange County). The offering consists of two retail buildings totaling approximately 6,115 square feet, including an Italian restaurant and a wine and spirits store, along with a second-floor one-bedroom, one-bath residential apartment located above the wine and spirits store. With both retail tenants approaching expiration, the property provides investors with a rare value-add opportunity to immediately reposition the asset through lease-up at projected market rental rates while tailoring the tenant mix to maximize long-term value. This offering represents a generational opportunity to acquire an irreplaceable coastal asset in world-famous Newport Beach, one of Southern California’s most affluent and supply-constrained retail markets, characterized by exceptionally high barriers to new development.

FOR SALE DETAILS

PRICE

$5,100,000 USD

PRICE/SF

$834 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Prime Coastal Value-Add

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

CV

APN/PARCEL ID

424-434-10

ASK ABOUT THIS PROPERTY

John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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John RedfieldSRS Real Estate PartnersMore Info
949-547-2213

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