501 Park Ave | Newport Beach, CA 92662
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- LoopNet Team
501 Park Ave
Newport Beach, CA 92662
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Prime restaurant building recently rebuilt with local operator as current high-performing tenant
- Prime location in the heart of Balboa Island, steps away from shops, restaurants, and the Balboa Island Ferry
- Two beautifully appointed apartments with highend finishes and modern amenities
- Ideal opportunity for investors, restaurateurs, or those seeking a live-work lifestyle in a coveted coastal destination
PROPERTY FACTS
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,080 SF
Building Class
C
Year Built/Renovated
1952/2015
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.00
Lot Size
0.12 AC
Zoning
MU-W2 - Mixed-Use Water
Parking
6 Spaces (1.18 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Restaurant
- Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $446,628 | |
| Land Assessment | $4,503,372 | Total Assessment | $4,950,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,503,372
Improvements Assessment
$446,628
Total Assessment
$4,950,000
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