225 Marine Avenue, Newport Beach, CA 92662
Commercial property · 2 recorded sales since 2016
Sold March 2016
Listing Agent: Donald Abrams (DRE #01234323) · Listing Office: Abrams Coastal Properties · Contact: 949-675-4822 · Bought with: Farhad Ghaffarzadeh · Sunrise Security Mortgage · MLS #NP15259099 · Source: CRMLS
About this commercial property
Outstanding mixed-use commercial building on Balboa Island's 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/month for retail space, $200/month for the garage (currently used for storage) and $3,000 month (pro-forma) for office space. Owner currently occupies the office space and is willing to enter a lease through 2019 at the pro-forma rent $3000 per month rent. This is probably the finest building on Marine Avenue; it has great visibility and gets year-round foot and vehicular traffic. Don't miss this rare opportunity to purchase a commercial property on Balboa Island!
Listing description from the March 2016 sale, as reported to CRMLS.
Sale history
