1520 Coast HwyNewport Beach, CA 92663

Property Details for 1520 Coast Hwy

Year built

1955

Lot size

0.31 AC

Property size (Sq ft)

2,056 SF

Property type

Retail properties

Property subtype

Turn key restaurants

APN

049-280-64

APU

4928064

Description

This exceptional Class A retail property, located at 1520 West Coast Highway in Newport Beach, California (zip code 92663), offers 2,880 square feet on a 0.3-acre lot. Boasting 133 feet of frontage along the Coast Highway, this location benefits from over 47,000 cars passing daily, providing unparalleled visibility and built-in advertising. The property offers ample parking, with a ratio of 4.86 spaces per 1,000 square feet. The current zoning allows for a wide variety of uses, including but not limited to: retail sales, financial services, medical and dental offices, ambulance services, outpatient surgery, animal grooming, catering services, food service, health and fitness centers, auto sales, auto repair, and auto washing. This presents a unique opportunity for a business seeking high traffic exposure in a prime Newport Beach location. The property is adaptable to a buyer's needs, allowing for remodeling or complete redevelopment to suit specific business requirements. This is a truly exceptional opportunity to establish or relocate a business in a highly desirable and visible location within Orange County. The property's location directly across from the Balboa Bay Club further enhances its prestige and appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,470,851

  6.5%

  $1,357,709

  7%

  $1,260,730

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,823,599

  Geo Method

  $1,823,599

• Alternative Use

  Use

  Valuation

  Residential

  $1,145,278

  Hospitality

  $1,049,069

  Educational

  $872,813

  Medical

  $902,830

  Retail

  $1,357,709

Location Insight

City

Newport Beach

County

Orange

State

California

Latitude

33.6169

Longitude

-117.916

CBSA code

31080

CBSA name

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

Property Tax & Assessments

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