225 MARINE Avenue for sale in Newport Beach, California

$2,350,000

Outstanding mixed-use commercial building on Balboa Islands ultra-desirable Marine Ave. Features include an oversized retail space + garage/storage space and bath on the main level. The second floor has a beautiful remodeled executive office suite with hardwood floors, beamed ceilings and 3/4 bath. Both units are air conditioned with new condenser units servicing the main level. Current rents are $7,300/mo for the retail space, $2,760/mo (pro-forma) for office space and $200/mo for the garage. This is probably the finest building on Marine Avenue; it has great visibility and gets year-round foot and vehicular traffic. Dont miss this rare opportunity to purchase a commercial property on Balboa Island!

Details
Property Class: Commercial
Type: Retail
Listing Status: Active
City: Newport Beach
Area: N9 - Lower Newport Bay - Balboa Island
County: Orange
State: CA
Property Sub Type Descr: Retail
Living Area (SqFt): 2490 sq. ft.
Lot Size Area Sq Feet: 2614.00
Lot Size Area Acres: 0.06000
Property Tax: $28,000
Listing#: NP
Parcel Number:

Year Built: 1934
List Date: 12/2/2014
Class: Commercial
Property Subtype: Retail
Approx Lot Size: 0.060
Stories: 2

Heating: Central Furnace
Utilities Water: District/Public
Lot Desc: Alley Access
Roof: Composition
Present Use: Office, Retail
Water Access: Alley


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