Available For Sale - Retail

2,490 SF | Show Pricing $

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AVAILABILITY DETAILS

Size
2,490 SF
Price/SF
Show Pricing $
Listing ID
SA375819
Notes
PROPERTY DETAILS

• Price $2,650,000

• No. Unit 0

• Gross Leasable Area 2,490 SF

• Total Lot Size 0.06 AC

• Property Type Retail

• Property Sub-type Storefront Retail/Office

• Cap Rate 5.21%

• No. Stories 2

• Building Class C

• Year Built 1934

• Zoning Description C1, Newport Beach

• Tax ID/APN 050-162-26

• Status Active



PROPERTY DESCRIPTION

IDEAL RETAIL SPACE ON MARINE AVE BALBOA ISLAND. Very high foot traffic, especially heavy on holidays. Balboa Island is a year round international tourist

destination with visitors from all over the world as well as from all over the U.S. This is a large retail space with over 1900 sq ft of floor space and nicely

decorated office approx 528 sq ft upstairs with a bathroom Ideal for an owner user or for an investor. Cap rate is proform based on NOI of 138,000 which

assumes entire building building leased at $4.61 per sq ft NNN and net charges approximately 1.42 per sq ft
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Chuck Iverson, Coldwell Banker Commercial
BRE# 1241096