Spaghetti Bender & Eat Chow 3 Properties Offered at $6,250,000 in Newport Beach, CA
INVESTMENT HIGHLIGHTS
- Price Reduced - Fell out of Escrow
- Iconic Newport Beach Property on the market for the first time in 40 years
- Sale includes three parcels - two restaurants and parking lot
EXECUTIVE SUMMARY
Located on the west end of Newport Beach, the landmark Spaghetti Bender property sits conveniently near the corner of West Coast Highway and Prospect Street. It features excellent frontage and visibility to local and tourist traffic. An open patio and private parking make this an unparalleled restaurant opportunity.
Behind Spaghetti Bender is local favorite Eat Chow. The trendy American restaurant is has dedicated parking and easy access from 62nd Street. Both properties are walking distance from the beach and local Newport Shores community and close proximity from Balboa Peninsula, Lido Marina Village, and more. The shared private parking lot is highly coveted in the busy beach community.
Behind Spaghetti Bender is local favorite Eat Chow. The trendy American restaurant is has dedicated parking and easy access from 62nd Street. Both properties are walking distance from the beach and local Newport Shores community and close proximity from Balboa Peninsula, Lido Marina Village, and more. The shared private parking lot is highly coveted in the busy beach community.
PROPERTY FACTS
| Price | $6,250,000 |
| Price / SF | $1,055 / SF |
| Cap Rate | 5.51% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 5,922 SF |
| Total Land Area | 0.40 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 211-213 62nd St, Newport Beach, CA 92663 | Retail | 2,400 SF | 1965 | - |
| 6204 W Coast Hwy, Newport Beach, CA 92663 | Retail | 3,522 SF | 1976 | - |
| 207 62nd St, Newport Beach, CA 92663 | Land | 0.06 AC | - | - |
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