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 CostaMesa, California was $2.3 million. Highly Trafficked Freeway (On & Off Ramp) Location: This property features excellent street frontage and visibilityalong Newport Blvd (16,124 VPD). Additionally, the property benefits from its 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, dentalshop, ETC). Value-Add and/or Owner/User Opportunity Due to the approximate 50% physical occupancy as well as existingMonth-to-Month tenancies, the property could be used in part or inwhole by an Owner-User and may qualify for SBA financing. Buyer toverify. Significant Tenant Improvements for PotentialMedical Office Use-Suite D was recently extensively renovated for a potential medicaloffice space use. Buyer may need to obtain an additional ModifiedCUP to allow medical use for this suite. Alternately, it is estimated thata change from massage to retail would reduce parking demand toallow medical use at Suite D. Buyer to verify the potential medical usewith the City of Costa Mesa. Call Now for a Private Tour.
-
0BEDS
-
0.54ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
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 CostaMesa, California was $2.3 million. Highly Trafficked Freeway (On & Off Ramp) Location: This property features excellent street frontage and visibilityalong Newport Blvd (16,124 VPD). Additionally, the property benefits from its 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, dentalshop, ETC). Value-Add and/or Owner/User Opportunity Due to the approximate 50% physical occupancy as well as existingMonth-to-Month tenancies, the property could be used in part or inwhole by an Owner-User and may qualify for SBA financing. Buyer toverify. Significant Tenant Improvements for PotentialMedical Office Use-Suite D was recently extensively renovated for a potential medicaloffice space use. Buyer may need to obtain an additional ModifiedCUP to allow medical use for this suite. Alternately, it is estimated thata change from massage to retail would reduce parking demand toallow medical use at Suite D. Buyer to verify the potential medical usewith the City of Costa Mesa. Call Now for a Private Tour.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-01-17T00:30:05.24. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.