For Sale
$5,800,000

314 Old Newport Blvd Newport Beach, CA 92663

Prime Newport Beach location, high visibility, development potential.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional 12,197 square foot lot, featuring a roughly 3,000 square foot building, presents a compelling investment opportunity in the heart of Newport Beach, California. Located directly across from Hoag Hospital and adjacent to Keck Medicine of USC, this property boasts unparalleled visibility on a major thoroughfare, Newport Boulevard, with over 55,000 vehicles passing daily. The current month-to-month tenancy provides flexibility for an owner-user, investor, or developer seeking to capitalize on this high-demand area. The property's General Commercial (Office General) zoning allows for potential medical office use, aligning perfectly with the surrounding medical community. Situated within a 5-mile radius of a population exceeding 244,700, this location offers exceptional access to a large consumer base. The property's high visibility from Newport Boulevard and its proximity to Mariners Mile and Lido Village further enhance its desirability. This is a rare chance to acquire a strategically positioned asset with significant potential for future growth and development. The asking price is $5,800,000.

Highlights

  • High-visibility Newport Beach location on Newport Blvd, with over 55,000 vehicles daily.
  • Excellent owner-user or investment opportunity with month-to-month tenancy.
  • Potential development site with General Commercial (Office General) zoning, allowing for medical office use.
  • Directly across from Hoag Hospital and adjacent to Keck Medicine of USC.
  • Prime location near Mariners Mile and Lido Village, serving a population exceeding 244,700 within a 5-mile radius.
  • 12,197 SF lot with a ~3,000 SF building; asking price $5,800,000.

Property Details for 314 Old Newport Blvd

Property type
Retail properties, Retail space
Square Feet
12,197 SF

Location Insight

City
Newport Beach
County
Orange
State
California
Latitude
33.615828
Longitude
-117.9307584

FAQs

What type of property is this?
Retail property - Prime Newport Beach location, high visibility, development potential.
Where is the retail property located?
The property is located at 314 Old Newport Blvd Newport Beach, CA.
What is the asking price?
The asking price for this property is $5,800,000.
What are key features of this property?
This property features: High-visibility Newport Beach location on Newport Blvd, with over 55,000 vehicles daily.; Excellent owner-user or investment opportunity with month-to-month tenancy.; Potential development site with General Commercial (Office General) zoning, allowing for medical office use.
How can I contact the broker?
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314 Old Newport Blvd
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