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Balboa Theater 707 E Balboa Blvd 5,200 SF Retail Building Newport Beach, CA 92661 $2,995,000 ($575.96/SF)
EXECUTIVE SUMMARY
The Balboa Theater represents a rare opportunity to acquire a historically significant building in the heart of Newport Beach’s Balboa Village. Located directly across from the Balboa Fun Zone—currently undergoing a thoughtful revitalization—the property benefits from strong pedestrian activity, proximity to the beach, and year-round tourism.
Originally constructed nearly a century ago, the ±5,200 SF building sits on a ±5,200 SF lot with zero lot lines. While the structure itself is modest and in shell condition, the property was previously entitled for redevelopment with two iterations: an open-air concept and a fully enclosed theatre/restaurant buildout with a ±2,600 SF rooftop dining deck. Though the entitlements have since expired, the previously approved plans may provide a clear path forward with the City. The investment offering presents an opportunity for an owner/user or investor to purchase a landmark property in the Balboa Village, which is poised to undergo a dramatic and meaningful redevelopment in the near future.
Originally constructed nearly a century ago, the ±5,200 SF building sits on a ±5,200 SF lot with zero lot lines. While the structure itself is modest and in shell condition, the property was previously entitled for redevelopment with two iterations: an open-air concept and a fully enclosed theatre/restaurant buildout with a ±2,600 SF rooftop dining deck. Though the entitlements have since expired, the previously approved plans may provide a clear path forward with the City. The investment offering presents an opportunity for an owner/user or investor to purchase a landmark property in the Balboa Village, which is poised to undergo a dramatic and meaningful redevelopment in the near future.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Movie Theater
Building Size
5,200 SF
Building Class
C
Year Built
1927
Price
$2,995,000
Price Per SF
$575.96
Tenancy
Single
Building Height
2 Stories
Building FAR
0.99
Lot Size
0.12 AC
Zoning
RSC, Newport Beach
Frontage
54’ on Balboa
AMENITIES
- Bus Line
- Signage
Walk Score®
Very Walkable (75)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 048-135-02 | Improvements Assessment | $58,026 |
| Land Assessment | $1,102,558 | Total Assessment | $1,160,584 |
PROPERTY TAXES
Parcel Number
048-135-02
Land Assessment
$1,102,558
Improvements Assessment
$58,026
Total Assessment
$1,160,584
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Balboa Theater | 707 E Balboa Blvd
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