New Listing
510 E Balboa,Newport Beach, CA 92661
Newport Beach, CA 92661
Description
Exceptional investment and redevelopment opportunity in the heart of Newport Beach's iconic Balboa Peninsula. Ideally situated just moments from the beach and Newport Harbor, 510 E Balboa Boulevard offers a rare opportunity to acquire a mixed-use property in one of Southern California's most desirable coastal communities. The property is currently operated as a liquor store, with the existing business available for purchase separately from the real estate. The property is zoned MU-V (Mixed-Use Vertical), offering potential redevelopment opportunities. Preliminary development potential includes up to five residential units and one commercial unit, subject to confirmation with the City of Newport Beach and all applicable zoning, density, parking, coastal development, and permitting requirements. Surrounded by popular restaurants, retail, waterfront attractions, and established residential neighborhoods, the property benefits from its prime location on the Balboa Peninsula. With convenient access to the beach, Balboa Fun Zone, Newport Harbor, and the Balboa Ferry, this location offers exceptional appeal for both residential and commercial uses. Whether you're an investor seeking an income-producing coastal asset or a developer looking to capitalize on the demand for residential and commercial space in Newport Beach, this property presents a compelling opportunity.
Details
| MLS # | NP26236702 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 3 |
| Listing Provided By | White Sail Realty | Orlando Clarizio |
Features
| SQ Feet | 2,200 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Acreage | 0.19 |
| Water Front | Yes |
Interior
| Cooling | Central Air, Dual, Zoned |
|---|---|
| Heating | Central |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Security Features | Security System, Carbon Monoxide Detectors |
|---|---|
| Construction Materials | Block, Glass, Stone, Stucco |
| Lot Features | Zero To One Unit Acre, Corner Lot, Level, Paved, Value In Land |
Utilities
| Utilities | Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected |
|---|---|
| Electric | Volts220In Kitchen |
Area Information
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Listing VS Median (in 92661) | |
Price: $7,499,000 low | high Med: $2,275,000 sqft: 2,200 low | high Med: 1,389 $ / sqft: $3,409 low | high Med: $1,641 On site: 3 low | high Med: 39.5 | |
Market Activity 92661
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Learn More About This Property
| State | CA |
|---|---|
| County | Orange |
| City | Newport Beach |
| Zip Code | 92661 |
| Area | NP Balboa Peninsula |
| Listing VS Median (in 92661) | |
Price: $7,499,000 low | high Med: $2,275,000 sqft: 2,200 low | high Med: 1,389 $ / sqft: $3,409 low | high Med: $1,641 On site: 3 low | high Med: 39.5 | |
 | $5,990,000700 E OceanfrontNewport Beach, CA 92661 |
 | $5,990,000700 E OceanfrontNewport Beach, CA 92661 |