For Sale
$5,750,000

1419 Superior AveNewport Beach, CA 92663

Prime coastal MOB, owner-user potential.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 8,935 square foot, two-story Class B medical office building in Newport Beach, California presents a unique owner-user opportunity. Located on a 0.74-acre lot with 50 parking spaces, the property boasts a prime location across from Hoag Newport Beach, a top-ranked hospital. Currently 62% occupied by six tenants, this multi-tenant building offers immediate occupancy potential for an owner-user, with 3,394 square feet available. The asking price is $5,750,000, translating to $643.54 per square foot. Built in 1957, this value-add investment benefits from strong market fundamentals, including a high concentration of residents aged 50 and older in Newport Beach, indicating sustained medical demand. The property's proximity to Hoag Hospital, along with nearby retail and lifestyle amenities, enhances its appeal. Newport Beach's affluent demographics, with an average household income of $230,141 and average home value of $1,861,000, further solidify this investment's potential. Limited new development in the area ensures the continued value of existing properties. This is a generational opportunity to acquire a coastal medical office building in a highly desirable location with significant upside potential.

Highlights

  • Generational coastal medical office building (MOB) owner-user opportunity in Newport Beach, CA.
  • Hospital-adjacent MOB located at Superior and Hospital Road, steps from Hoag Newport Beach (498-bed acute care hospital).
  • 8,935 sq. ft. MOB, 62% leased, offering 3,394 sq. ft. of immediate owner-user space and existing rental income.

Property Details for 1419 Superior Ave

Property type
Office properties, Medical offices
Square Feet
8,935 SF
Class
B
Year Built
1957
Buildings
1
Stories
2
Lot Size (sq. ft)
32,234 SF

Location Insight

City
Newport Beach
County
Orange
State
California
Latitude
33.626121
Longitude
-117.9342137
1419 Superior Ave, Newport Beach, California

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1419 Superior Ave
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