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611-615 E Balboa Blvd 2,350 SF 100% Leased Retail Building Newport Beach, CA 92661 $3,443,750 CAD ($1,465.43 CAD/SF)
Investment Highlights
- Owner-User Coastal Retail Opportunity - Rare opportunity to own (not lease) ground-floor retail in Newport Beach, with the ability to occupy
- ±2,443 SF Across Three Retail Suites - Three (3) ground-floor retail suites totaling approximately ±2,443 SF, ideal for owner-users or value-add
- Steps From the Beach & Coastal Attractions- Less than 300 feet from Balboa Beach and minutes from the Balboa Fun Zone, boardwalk, and waterfront
- Immediate Upside in Leasing two of the vacant units while collecting income from the Nail Salon tenant in the short term
Executive Summary
611–615 E. Balboa Boulevard presents an opportunity to acquire the ground floor commercial units of a mixed-use project situated in coastal Newport Beach. The offering consists of three commercial condominium units (Suite 611: ±983 SF) and Suites 613 & 615: combined ±1,460 SF) each benefiting from dedicated garage parking and excellent visibility along the Balboa Peninsula.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,350 SF
Building Class
C
Year Built
1990
Price
$3,443,750 CAD
Price Per SF
$1,465.43 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.23 AC
Zoning
CC - Commercial Corridor
Parking
10 Spaces (4.26 Spaces per 1,000 SF Leased)
Amenities
- Bus Line
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Locksmith Newport Beach
- Services
- -
- -
- -
- Segway Orange County
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Locksmith Newport Beach | Services | - | - | - | ||
| Segway Orange County | Retailer | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 932-160-37 | Improvements Assessment | $529,040 CAD |
| Land Assessment | $828,477 CAD | Total Assessment | $1,357,517 CAD |
Property Taxes
Parcel Number
932-160-37
Land Assessment
$828,477 CAD
Improvements Assessment
$529,040 CAD
Total Assessment
$1,357,517 CAD
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611-615 E Balboa Blvd
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