8,476 Sqft Lot
8,476 Sqft Lot
Key Details
Property Type Commercial
Sub Type Business
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID NP26236702
HOA Y/N No
Lot Size 8,476 Sqft
Property Sub-Type Business
Property Description
The property is currently operated as a liquor store, with the existing business available for purchase separately from the real estate.
The property is zoned MU-V (Mixed-Use Vertical), offering potential redevelopment opportunities. Preliminary development potential includes up to five residential units and one commercial unit, subject to confirmation with the City of Newport Beach and all applicable zoning, density, parking, coastal development, and permitting requirements.
Surrounded by popular restaurants, retail, waterfront attractions, and established residential neighborhoods, the property benefits from its prime location on the Balboa Peninsula. With convenient access to the beach, Balboa Fun Zone, Newport Harbor, and the Balboa Ferry, this location offers exceptional appeal for both residential and commercial uses.
Whether you're an investor seeking an income-producing coastal asset or a developer looking to capitalize on the demand for residential and commercial space in Newport Beach, this property presents a compelling opportunity.
Location
State CA
County Orange
Area Np - Balboa Peninsula
Interior
Heating Central
Cooling Central Air, Dual, Zoned
Fireplace No
Laundry None
Exterior
Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected
Waterfront Description Ocean Access
Building
Lot Description 0-1 Unit/Acre, Corner Lot, Level, Paved, Value In Land
Story 1
Water Public
Others
Tax ID 04811511
Security Features Security System,Carbon Monoxide Detector(s)
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Nearby Locations
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