2428 Newport Blvd | Costa Mesa, CA 92627
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- LoopNet Team
2428 Newport Blvd
Costa Mesa, CA 92627
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 2428 Newport Boulevard offers prominent pylon and building signage along Newport Boulevard.
- Trophy location: Prime retail positioning near schools, recreation, major employment hubs, and entertainment, driving strong tenant demand.
- There is ample parking of 35 spaces, an exceptional 6.22 parking ratio, ensuring convenience for tenants and customers.
- Value-add potential via upside in restructuring leases to NNN and bringing rents to market, enhancing long-term investment returns.
- Additional revenue streams via coveted gated storage yard generates supplementary income.
- The site has unmatched accessibility with convenient access to 55, 405, and 73 Freeways, ensuring high traffic flow and ease of customer access.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
5,625 SF
Building Class
C
Year Built
1961
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.45 AC
Zoning
C2 - Commercial
Parking
35 Spaces (6.22 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 439-281-04 | Improvements Assessment | $248,958 |
| Land Assessment | $2,646,547 | Total Assessment | $2,895,505 |
PROPERTY TAXES
Parcel Number
439-281-04
Land Assessment
$2,646,547
Improvements Assessment
$248,958
Total Assessment
$2,895,505
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