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611 E Balboa Blvd

2,350 SF 33% Leased Retail Building Newport Beach, CA 92661 $2,699,000 ($1,149/SF)

Investment Highlights

  • Lots of foot traffic
  • Open floor plan
  • ample parking

Executive Summary

Introducing an exceptional commercial opportunity in Newport Beach's vibrant Balboa Village, this property boasts three distinct retail spaces accompanied by a total of 10 garage spaces. Situated in proximity to the renowned Fun Zone, Balboa Pier, Catalina Flyer, and Balboa Island Ferry, it offers unparalleled visibility and foot traffic from locals and tourists alike. Unit 611 E Balboa Blvd has a 2 gar garage, 613 and 615 E Balboa Blvd include a 4 car garage. Don't miss out on establishing your business in one of Orange County most prestigious coastal communities. The residential units are not included in the sale.

Property Facts

Sale Type
Investment or Owner User
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,350 SF
Building Class
C
Year Built
1990
Price
$2,699,000
Price Per SF
$1,149
Percent Leased
33%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.32
Land Acres
0.17 AC
Zoning
RSC-R, Newport Beach
Parking
10 Spaces (4.26 Spaces per 1,000 SF Leased)
Frontage
77 FT on E. Balboa

Amenities

  • Bus Line
  • Signage
Walk Score ®
Very Walkable (76)
Bike Score ®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 932-160-38
  • 932-160-37
Land Assessment
$1,703,893
Improvements Assessment
$981,074
Total Assessment
$2,684,967
  • Listing ID: 32506530

  • Date on Market: 7/18/2024

  • Last Updated:

  • Address: 611 E Balboa Blvd, Newport Beach, CA 92661

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