314 Old Newport Blvd Newport Beach, CA 92663
- Retail properties
- 12,197 SF
Current Use by Public Records
- Beachview Realty / Vacation Home Rental Agency / Commercial Real Estate Agency
- Beachview Realty & Property Management / Real Estate Agency / Property Management Company
Property Details for 314 Old Newport Blvd
- Property size
- 12,197 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional 12,197 square foot lot, featuring a roughly 3,000 square foot building, presents a compelling investment opportunity in the heart of Newport Beach, California. Located directly across from Hoag Hospital and adjacent to Keck Medicine of USC, this property boasts unparalleled visibility on a major thoroughfare, Newport Boulevard, with over 55,000 vehicles passing daily. The current month-to-month tenancy provides flexibility for an owner-user, investor, or developer seeking to capitalize on this high-demand area. The property's General Commercial (Office General) zoning allows for potential medical office use, aligning perfectly with the surrounding medical community. Situated within a 5-mile radius of a population exceeding 244,700, this location offers exceptional access to a large consumer base. The property's high visibility from Newport Boulevard and its proximity to Mariners Mile and Lido Village further enhance its desirability. This is a rare chance to acquire a strategically positioned asset with significant potential for future growth and development. The asking price is $5,800,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newport Beach
- County
- Orange
- State
- California
- Longitude
- -117.931
- Latitude
- 33.6158
