2146 Newport Blvd

Description

Perfect for Owner User, Investor, Developer! Rare Coastal Southern California Investment Opportunity 6,000 square feet on a huge over 23,000 square foot lot. This property is located in the exclusive and affluent area of East side Costa Mesa, just outside of Newport Beach. In August 2024, the median listing price for a home in East side Costa Mesa, California was $2.3 million. Highly Trafficked Freeway (On & Off Ramp) Location: This property features excellent street frontage and visibility along Newport Blvd (16,124 VPD). Additionally, the property benefits from it’s close proximity to the 55, Freeway (149,930 VPD), which is the main freeway in Orange County leading directly to Newport Beach and other beach cities (Corona Del Mar, Huntington Beach, etc), Ease of Access from nearby freeway on & off ramps - would make an, ideal office or destination location (i.e. surf shop, doctor office, dental shop, ETC). Value-Add and/or Owner/User Opportunity Due to the approximate 50% physical occupancy as well as existing Month-to-Month tenancies, the property could be used in part or in whole by an Owner-User and may qualify for SBA financing. Buyer to verify. Significant Tenant Improvements for Potential Medical Office Use -Suite D was recently extensively renovated for a potential medical office space use. Buyer may need to obtain an additional Modified CUP to allow medical use for this suite. Alternately, it is estimated that a change from massage to retail would reduce parking demand to allow medical use at Suite D. Buyer to verify the potential medical use with the City of Costa Mesa. Call Now for a Private​​‌​​​​‌​​‌‌​​​‌​​‌‌​​​​​​‌‌‌​​‌​​‌‌​‌‌​ Tour.

Listing information courtesy of: Andrew Azer, Home Smart Evergreen Realty . *Based on information from the Association of REALTORS/Multiple Listing as of 11/12/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.