224 Marine Ave
Newport Beach, CA 92662
Retail Property For Sale

CBRE is pleased to offer a very rare opportunity to acquire a one of a kind property located on Balboa Island in the world famous Newport Beach, CA. The property is a multi-tenant two story retail storefront located at 224 Marine Avenue which is in the heart of Balboa Island. This unique asset is being offered with month-to-month leases. There is an opportunity for an owner/user or an investor to purchase this property. The subject property is located on Marine Avenue which is the main corridor to and from Balboa Island. Newport Beach is one of California’s most visited beach communities with over 20,000 to 100,000 tourists daily. Newport Beach is known for its fine residential areas, modern shopping facilities, strong business community and quality school system. Newport Bay has more than 9,000 boats of all types that are docked within the 21 -square mile harbor area. Overall, the subject property provides an investor or owner/user with an opportunity to purchase a property in a truly irreplaceable location. Properties like this are typically bought as long-term investments and serve to preserve wealth and provide a reliable income. It is a pride of ownership property with incredible intrinsic value. INVESTMENT HIGHLIGHTS •Opportunity to Acquire a Well-Located Property on Balboa Island – The Subject Property is Located in Marine Avenue which is the Main Corridor to and from Balboa Island •Month-to-Month Leases •3 Rare Parking Spaces •Dense Population - Over 211,000 People Reside within a 5-Mile Radius of the Subject Property •Affluent Demographics - The Average Household Income within a 1-Mile Radius is Equal to Over $167,000 •The Property is a Ferry Ride Away from the Balboa Fun Zone, Balboa Pier, Balboa Pavilion, Catalina Flyer, Newport Bay, and just Minutes from Fashion Island