314 Old Newport BlvdNewport Beach, CA 92663

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.