MLS® ID: PW19153475
601 E Balboa Boulevard
Newport Beach, California, 92661 $3,250,000
This is a mixed-used retail/residential property with approximately 3,224 sqft of rent-able building area. The lower retail space contains approximately 2,216 sqft net rent-able area that can be divided into 2 separate suites or utilized as a single space. The upper level consists of a 2-bedroom, 2-bathroom apartment unit containing approximately 1,008 sqft that is in excellent condition. The apartment unit has a great ocean view! It is a corner building at E. Balboa/Palm Street with excellent exposure to foot and vehicle traffic. One end of Palm, which is only about 4 blocks long, is ferry, and the other end is the public parking lot by the beach. The beach side public parking needs to pass by the building. There are hundreds of City public parking spaces only one block away. The commercial unit can be used as restaurant, bar, and other commercial and retail stores with City's permits. The property was damaged by fire, and completely rebuilt in February 2019.