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Balboa Village 107-111 Main St 9,404 SF 100% Leased Retail Building Newport Beach, CA 92661 $10,000,000 ($1,063.38/SF) 3.16% Cap Rate
EXECUTIVE SUMMARY
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-Retail storefront retail/residential (3) retail units & six (6) apartment units
-Ocean and harbor views, walking distance to beach, parks, restaurants, banking, retail, post office, hotels and other amenities
-8 Surface parking stalls
-Retail storefront retail/residential (3) retail units & six (6) apartment units
-Ocean and harbor views, walking distance to beach, parks, restaurants, banking, retail, post office, hotels and other amenities
-8 Surface parking stalls
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
9,404 SF
Building Class
C
Year Built
1934
Price
$10,000,000
Price Per SF
$1,063.38
Cap Rate
3.16%
NOI
$316,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.22
Lot Size
0.18 AC
Zoning
MU-V
Parking
8 Spaces (0.85 Spaces per 1,000 SF Leased)
Frontage
32’ on Main St
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 048-135-09 | Improvements Assessment | $841,290 |
| Land Assessment | $3,725,739 | Total Assessment | $4,567,029 |
PROPERTY TAXES
Parcel Number
048-135-09
Land Assessment
$3,725,739
Improvements Assessment
$841,290
Total Assessment
$4,567,029
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Balboa Village | 107-111 Main St
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