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Property Overview

Price/Rent PSF $ 2,250,000.00
Asset Type Retail
Trade Type Sale
SQ. FT. Available 2428.00
Date Available 10/19/2018
Additional URL Link
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Description

Location
Centrally located on Balboa Island's Commercial Corridor on Marine Avenue; one of California’s most visited destinations. Balboa Island has up to 100,000 tourists daily. Marine Avenue has one of the highest pedestrian traffic counts in the city.

Sale
100% Leased Mixed-Use Investment on Marine Avenue on Balboa Island (Newport Beach). Four (4) units comprised of two (2) ground floor retail and two (2) second-story residential studios.

Zoning is Mixed-Use Water Related (MU-W2). For mixed-use buildings, the FAR is a total of 1.25; with a maximum of 0.5 for ground level commercial plus 0.75 for second-story residential.

Newport Beach’s average annual household income is $180,876 and the median home price is over $1,700,000, one of the highest in the country.

Location (Click here to view the location on the map.)
The information above is from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. It is submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice.

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