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Balboa Theater 707 E Balboa Blvd 5,200 SF Retail Building Newport Beach, CA 92661 $2,495,000 ($479.81/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.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Movie Theater
Building Size
5,200 SF
Building Class
C
Year Built
1927
Price
$2,495,000
Price Per SF
$479.81
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 (76)
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
Contacts
-
Nathan Holthouser -
Maggie Attashian -
Tram Church -
Rebecca Canalez -
Coastal Commercial Inc.
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Balboa Theater | 707 E Balboa Blvd
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