702 E Bay Avenue, Newport Beach, CA 92661

About this commercial property

Once in a lifetime development opportunity on the bay front in Newport Beach. This property is currently a mixed use 3000 Sq Ft, retail space downstairs with two 1 bedroom residential units above. The property offers bay views and is located on the board walk of the famous "Fun Zone". This lot is located next to the Catalina Flyer and adjacent to the Balboa Pavilion building. The same family owns the next lot over (704 Bay Ave.), which is also for sale. The combined Sq Ft. of the two lots would give a developer 6970 Sq Ft. with 60 linear ft of bay front. Great opportunity to purchase and develop in the Balboa Village, the next area of the Peninsula prime for redevelopment.

Listing description from the April 2016 sale, as reported to CRMLS.

Sale history

$1,850,000

Sold April 2016 · listed $2,100,000, orig. $2,250,000, on market November 2015 · MLS #NP15250365 · Source: CRMLS

Listing Agent: Justin Reynolds · Listing Office: D E Properties · Contact: 949-645-8711 · Bought with: Albert Ricci · Ricci Realty

$1,850,000

Sold April 2016 · listed $2,100,000, orig. $2,250,000, on market November 2015 · MLS #OC15250579 · Source: CRMLS

Listing Agent: Gary Rocha · Listing Office: Gatehouse Properties · Contact: 949-566-8675 · Bought with: Albert Ricci · Ricci Realty

Explore Newport Beach