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222 Marine Ave 2,500 SF 60% Leased Retail Building Newport Beach, CA 92662 $4,200,000 ($1,680/SF)
Executive Summary
Rare mixed-use opportunity on Balboa Island. Property features two ground-floor retail spaces (both occupied) and a 2-bedroom, 2-bath apartment on the second floor. The apartment is currently vacant and offered for lease, creating a great opportunity for an owner-user to live on the island while collecting income from the retail units below.
Excellent investment or owner-user opportunity in one of Southern California’s most desirable coastal communities with strong foot traffic, charming shops, restaurants, and year-round visitors. Rare chance to own income-producing property and enjoy the Balboa Island lifestyle.
Excellent investment or owner-user opportunity in one of Southern California’s most desirable coastal communities with strong foot traffic, charming shops, restaurants, and year-round visitors. Rare chance to own income-producing property and enjoy the Balboa Island lifestyle.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,500 SF
Building Class
C
Year Built
1941
Price
$4,200,000
Price Per SF
$1,680
Percent Leased
60%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.10
Lot Size
0.05 AC
Zoning
RSC-R, Newport Beach
Parking
2 Spaces (0.8 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
Moderately walkable
70/100
Exceptionally drivable
100/100
Limited public transit
20/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 050-163-03 | Improvements Assessment | $184,385 |
| Land Assessment | $620,398 | Total Assessment | $804,783 |
Property Taxes
Parcel Number
050-163-03
Land Assessment
$620,398
Improvements Assessment
$184,385
Total Assessment
$804,783
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