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204 Riverside Ave 1,900 SF Retail Building Newport Beach, CA 92663 $3,575,858 CAD ($1,882.03 CAD/SF) 4% Cap Rate
Investment Highlights
- MARINERS’ MILE REVITALIZATION
- RARE UNDER $5 MILLION SINGLE-TENANT OPPORTUNITY
- PRIME NEWPORT BEACH LOCATION
- SINGLE-TENANT NNN INVESTMENT
- ABUNDANT PUBLIC PARKING
- HIGH BARRIER-TO-ENTRY MARKET
Executive Summary
Coastal Commercial is pleased to present 204 Riverside Avenue, a rare single-tenant NNN investment opportunity located in the heart of Newport Beach. The approximately ±1,900 SF retail property is positioned within one of Southern California’s most affluent and supply-constrained coastal markets, offering investors stable income, passive ownership, and long-term appreciation potential.
Strategically located near Newport Harbor and surrounded by affluent residential neighborhoods, premier dining, retail amenities, and coastal attractions, the property benefits from strong pedestrian activity and exceptional demographics. The single-tenant NNN lease structure minimizes landlord responsibilities while providing an attractive investment opportunity for both private and institutional buyers.
204 Riverside Avenue represents one of a few rare opportunities in Newport Beach priced under $5 million, creating a rare entry point into a highly sought-after coastal investment market. Positioned along the rapidly transforming Mariners’ Mile corridor, the property stands to benefit from significant ongoing revitalization efforts, including upgraded retail frontages, mixed-use redevelopment projects, and enhanced waterfront amenities that continue to elevate the area’s appeal as a premier retail and dining
destination.
As the only owner-user sized opportunity currently available on Mariners’ Mile, the asset offers exceptional flexibility for investors and future occupants alike. Coupled with Newport Beach’s limited retail inventory, strong barriers to entry, and continued demand for coastal commercial real estate, 204 Riverside Avenue presents a compelling opportunity to acquire a well-located asset with durable long-term fundamentals and meaningful upside potential.
Strategically located near Newport Harbor and surrounded by affluent residential neighborhoods, premier dining, retail amenities, and coastal attractions, the property benefits from strong pedestrian activity and exceptional demographics. The single-tenant NNN lease structure minimizes landlord responsibilities while providing an attractive investment opportunity for both private and institutional buyers.
204 Riverside Avenue represents one of a few rare opportunities in Newport Beach priced under $5 million, creating a rare entry point into a highly sought-after coastal investment market. Positioned along the rapidly transforming Mariners’ Mile corridor, the property stands to benefit from significant ongoing revitalization efforts, including upgraded retail frontages, mixed-use redevelopment projects, and enhanced waterfront amenities that continue to elevate the area’s appeal as a premier retail and dining
destination.
As the only owner-user sized opportunity currently available on Mariners’ Mile, the asset offers exceptional flexibility for investors and future occupants alike. Coupled with Newport Beach’s limited retail inventory, strong barriers to entry, and continued demand for coastal commercial real estate, 204 Riverside Avenue presents a compelling opportunity to acquire a well-located asset with durable long-term fundamentals and meaningful upside potential.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
1,900 SF
Building Class
B
Year Built
1954
Price
$3,575,858 CAD
Price Per SF
$1,882.03 CAD
Cap Rate
4%
NOI
$143,034 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.48
Lot Size
0.09 AC
Zoning
C - Mixed use.
Two (2) exclusive spaces and plenty of street spaces and city lots.
Parking
2 Spaces (1.05 Spaces per 1,000 SF Leased)
Frontage
30’ on RIVERSIDE AVE
Amenities
- Atrium
- Signage
- Monument Signage
Moderately walkable
70/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 049-122-25 | Improvements Assessment | $245,989 CAD |
| Land Assessment | $2,073,152 CAD | Total Assessment | $2,319,140 CAD |
Property Taxes
Parcel Number
049-122-25
Land Assessment
$2,073,152 CAD
Improvements Assessment
$245,989 CAD
Total Assessment
$2,319,140 CAD
Contacts
-
Nathan Holthouser -
Tram Church -
Maggie Attashian -
Rebecca Canalez -
Coastal Commercial Inc.
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204 Riverside Ave
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