2424 Newport Blvd | Costa Mesa, CA 92627
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- LoopNet Team
2424 Newport Blvd
Costa Mesa, CA 92627
GREEN ZONE! Shops & Living on Newport · Retail Property For Sale
Investment Highlights
- Potential Cannabis Dispensary Site Per City's Measure Q
- Immediate Upside in Increasing Below Market Rents (Potential 6.69%Cap Rate / 85%+ Increase in NOI)
- Convenient Location with Access to Schools, Recreation, Jobs, and Entertainment
- Rare Opportunity to Acquire Eastside Costa Mesa Mixed-Use Investment
- Recent Upgrades to Facade, Signage, and Interiors
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,950 SF
Building Class
C
Year Built/Renovated
1936/2018
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.51
Lot Size
0.45 AC
Zoning
C2, Costa Mesa
Parking
18 Spaces (1.81 Spaces per 1,000 SF Leased)
Frontage
64 FT on Newport Blvd
Amenities
- Pylon Sign
PROPERTY TAXES
| Parcel Number | 439-281-03 | Improvements Assessment | $157,785 |
| Land Assessment | $1,242,961 | Total Assessment | $1,400,746 |
PROPERTY TAXES
Parcel Number
439-281-03
Land Assessment
$1,242,961
Improvements Assessment
$157,785
Total Assessment
$1,400,746
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