1770 Newport BlvdCosta Mesa, CA 92627

Property Details for 1770 Newport Blvd

Year built

1954

Lot size

1.12 AC

Property size (Sq ft)

19,556 SF

Property type

Retail properties

Property subtype

Retail space

APN

425-443-17

APU

42544317

Description

This exceptional 14,000 square foot freestanding retail building, located in the heart of Costa Mesa, near coastal Newport Beach, offers a unique opportunity for multiple tenants. The property boasts a high-traffic location on Newport Boulevard, making it ideal for businesses seeking maximum visibility. Currently, the entire 14,000 square feet is available for lease, divisible into spaces ranging from a minimum of 4,000 square feet to a maximum contiguous space of 10,000 square feet. The building is a two-story structure, featuring a bonus mezzanine level on the second floor, providing additional space and flexibility for various business needs. Its versatile design makes it suitable for a wide range of uses, including retail, showroom, classroom, or service center operations. The property is situated in Orange County and presents a compelling opportunity for businesses seeking a prominent location with excellent accessibility and ample space. The building's prominent street frontage ensures high visibility and easy access for customers and employees. This is a rare opportunity to secure a significant presence in a highly desirable area.

• CAP approach

  CAP return

  Valuation

  6%

  $7,398,353

  6.5%

  $6,829,249

  7%

  $6,341,446

• Comparable approach

  Method

  Valuation

  Relative Method

  $17,345,476

  Geo Method

  $17,345,476

• Alternative Use

  Use

  Valuation

  Residential

  $5,760,727

  Hospitality

  $5,276,795

  Educational

  $4,390,232

  Medical

  $4,541,218

  Retail

  $6,829,249

Location Insight

City

Costa Mesa

County

Orange

State

California

Latitude

33.6396

Longitude

-117.919

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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